This might not be the best idea ever because of the
- multi year downtrend
- earnings on 28 February and if it gaps down, stops are f*cked
But on the other hand
- it sure looks like an ascending triangle
- YOLO
We are gonna choose a direction, that's for sure..
- multi year downtrend
- earnings on 28 February and if it gaps down, stops are f*cked
But on the other hand
- it sure looks like an ascending triangle
- YOLO
We are gonna choose a direction, that's for sure..
Trade active:
Tighter stop hit, wider still untouched.
I wouldn't bury this whole trade just yet. A consolidation can easily look as an ascending triangle at the early stage but form a rectangle later.
I wouldn't bury this whole trade just yet. A consolidation can easily look as an ascending triangle at the early stage but form a rectangle later.
Trade closed: target reached:
Rectangle indeed, we got the bounce, TP1 reached, TP2 not
I'm closing the idea
I'm closing the idea