TF STRATEGY
#TFStrategy: Symmetric Triangle in "The Walt Disney Company" (DIS)
The Walt Disney Company, is the largest media and entertainment company in the world.
The symmetrical triangle is a pattern with higher minimums and lower maximums.
We can consider the crossing of the moving averages of 200 and 50 periods, indicating a change of trend in the price of the stock.
Temporality of the graph: 1 hour
This type of pattern is of the non-directional type. That is, there are two possible operations:
If the triangle breaks up, at an approximate price of $134.6 is expected a long operation, with Take Profit around $147.9 and Stop Loss at $129.45 per share.
If the price breaks down, at an approximate price of $132 is expected a short position, with Take Profit at $119.7 and Stop Loss at approximately $137.8 per share.
The risk-reward ratio in the long and short operation is 2.55
#TFStrategy: Symmetric Triangle in "The Walt Disney Company" (DIS)
The Walt Disney Company, is the largest media and entertainment company in the world.
The symmetrical triangle is a pattern with higher minimums and lower maximums.
We can consider the crossing of the moving averages of 200 and 50 periods, indicating a change of trend in the price of the stock.
Temporality of the graph: 1 hour
This type of pattern is of the non-directional type. That is, there are two possible operations:
If the triangle breaks up, at an approximate price of $134.6 is expected a long operation, with Take Profit around $147.9 and Stop Loss at $129.45 per share.
If the price breaks down, at an approximate price of $132 is expected a short position, with Take Profit at $119.7 and Stop Loss at approximately $137.8 per share.
The risk-reward ratio in the long and short operation is 2.55