rv
Long

BP(Daily) - Inverse HS potential-Double bottom.

rv  
NYSE:BP   BP SPON ADR EACH REP 6 ORD SHS
322 views
7
322 6
BP (Daily) Inverse HS potential, double bottom .

Inverse HS potential brake_out.
Double bottom brake_out confirmed, 26.18 retest.
Gap Fill.
Long on retest of Neckline(after potential AB=CD ), or on new high.
OBV set to brake_out.
Earnings due 28/4.

Target_1 : 44
Target_2 : 46.50
where would you put the stop loss: below $38.8 or $36.8?
Reply
rv AntoninoRomano37
i think, that depends on you.
+1 Reply
rv rv
and the stop is indicated, on the chart.
+1 Reply
Hey River, a small retrace before the rally maybe?https://www.
Reply
rv iefan
yes possible, nice iefan. its 1.618 as well, from the retrace and from 1-2, geometrically speaking. its consolidating as well. thats why i liked the long on new high, or retest of neckline(after ab=cd).
but i am not sure this constitutes a wave 1 :)..
+1 Reply
rv rv
but looks nice point 1, indeed.
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out