Our algorithm shows EQR as an opportunity to buy at $63,57 aprox.
We've seen this pattern thousands of times before with a win ratio over 80%, considering the good risk reward of this trade seems reasonable to take it into consideration.
The take profits level could be before the 70’s area where the volume profile is also high again, which tend to be a problem for the trend continuation, at least for some days.
The idea is to earn almost a 10% in a few days risking half the profit. Due to high volume ahead and the bigger wedge, it’s better to take profits and go for the next pattern.
Trade closed: stop reached
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Due to macro events the price has not worked as expected. The stop has been reached and our cash is ready for next patterns.
Trade active
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We can still look for the bigger wedge pattern. Let's see how this unfolds in the upcoming weeks.