Hello, this is my first trading idea. (NOT a financial advise).
The orange lines are my trend channel. We broke the under trend line around 11k. There are some bear flags forming untill we reach the support at the 9200 - 9400 zone. I am going to buy the dips and sell the highs of the bear flags.
As soon as we have reached the support zone an inversed right shoulder will be formed.
The orange lines are my trend channel. We broke the under trend line around 11k. There are some bear flags forming untill we reach the support at the 9200 - 9400 zone. I am going to buy the dips and sell the highs of the bear flags.
As soon as we have reached the support zone an inversed right shoulder will be formed.
Trade active:
So far so good. The support in the zone 9200 - 9400 gave us a bounce back.
Scenario 1: We break the neckline (@11.500 - 11.700) of the reversed head and shoulders pattern. Update will follow for next targets.
Scenario 2: Rejected by neckline and we could see a retest @ 9900 - 10.000.
Scenario 1: We break the neckline (@11.500 - 11.700) of the reversed head and shoulders pattern. Update will follow for next targets.
Scenario 2: Rejected by neckline and we could see a retest @ 9900 - 10.000.
Buy: 9800 - 9900
Sell: 10.300
Buy: 9200 - 9400 (give nothing, but take from them everything)