dec.hynam

Ladbrokes Plc. Possible long set-up for watchlist

Long
LSE:LAD   None
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3
LAD Plc . Daily price currently in an uniformed corrective wave and has just pulled back and rejected a double confluenced zone (previous swing-high SR and 50 % fib level of previous impulsive wave) on high volume which has created an overt pin-bar.

Looking to see how price reacts to the red down sloping trend line and minor swing high afrom 3 days ago.

Technical stop under low of pin-bar. Target 1: previous major swing high 164 area, target 2: 200

Posted for education / discussion