Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart GPRO is stuck inside a range around support in the shape of a rising broadening wedge, and it is currently around the lower bound so we will be looking for buy setups on lower timeframes.
on H4: Right Chart 🏹 For the bulls to take over, we need a momentum candle close above the last major high in gray.
Meanwhile, until the buy is activated, GPRO can still trade lower till the 4.7 support or even break it downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich
Terrific analysis, I’ve never looked at this stock, and you’ve opened my eyes to it, I have this on my radar now and have some alarms set to make me aware of the ‘potential’ triggers. Thanks for all the hard work.
LegionQ8
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Do you use any technical indicators ?
WalterMoon
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Quality Post, Thank you brother for showing us this details, I didn't saw it earlier