ABC Bullish for ICEUS:KC1! by lauralea

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Chart Patterns

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chartpattern

Possible stop below 104.8

Not a recommendation

Comment: long entry after break out level with an uptrend

Comments

Highly possible ABC, why you entry @110.75?

colinxu1980

@colinxu1980, Becaue it is over R of red candle

lauralea

@lauralea, But not all the way//I just think if it reaches that level it will go..algo point..often best on an abc pattern to pick your own level though as long as it is over BC trendline

lauralea

@lauralea, 111.8 is probably safer

lauralea

@lauralea, Ok, great! Good Luck

colinxu1980

@colinxu1980, Has to break BC line with a confirmed uptrend.

lauralea

@lauralea, tks for your reply and what means for BC line?

colinxu1980

@colinxu1980, in an ABC pattern/look up above/there is a line connecting A to B and a line connecting B to C. The line B to C is called the BC leg..or BC trendline

colinxu1980

@colinxu1980, But it is very close to the level for a stop. Stop always goes under C

colinxu1980

@colinxu1980, This one has not broken the BC leg/trendline in a clear uptrend..looks like it is trying tho