Simple consolidation after bull run.
Now next upmove will begin
Below are the observations that increase probability of breakout
Double Bottom on 3rd touch
3rd touch on weekly trend line
Flag & pole
Now next upmove will begin
Below are the observations that increase probability of breakout
Double Bottom on 3rd touch
3rd touch on weekly trend line
Flag & pole
Note
Dixon tech . Down move with volumes and structural breakdown. Today made a new swing High. Volumes increasing. Most probably weak hands were thrown out. Head and shoulder pattern invalidated today. Over-all can give a big breakout.
Trade closed: target reached
Time to money home30% move complete
Those who want to trail can hold partial qty with 4720 as SL
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.