After CMT hit 980, it confirmed the successful Double Bottom pattern
Touching resistance, CMT dropped to support zone 800-850
Currently, 800-850 is a safe buying zone with stoploss right at 800
If the next upward movement breaks the previous resistance (980), the second potential target is 1160
Buy at 800-850
Target 1: 940 - 980
Target 2: 1130 - 1160
Stoploss: 800
Risk / Rewark Ratio Tp1 = 3.5
Risk / Rewark Ratio Tp2 = 6.67
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Touching resistance, CMT dropped to support zone 800-850
Currently, 800-850 is a safe buying zone with stoploss right at 800
If the next upward movement breaks the previous resistance (980), the second potential target is 1160
Buy at 800-850
Target 1: 940 - 980
Target 2: 1130 - 1160
Stoploss: 800
Risk / Rewark Ratio Tp1 = 3.5
Risk / Rewark Ratio Tp2 = 6.67
** If you like our free content follow our profile (www.tradingview.com/u/DrDarvas/) to get more daily ideas. **
Comments and likes are greatly appreciated.
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