Reason for long
1. Market structure - bullish
2. Consolidation before the Breakout : two week consolidation
3. Support-Resistance levels: Entry near support
4. Supply-Demand zones: Demand zone as evident by volume
5. Location of 200MA or 200EMA: 60 degree angle up
6. Overlap with a Fibonacci level : matching with golden ratio near entry
7. Candlestick pattern and the size of candles : big bull canldle for entry
8. Chart pattern: cup and handle pattern
9. Volume expansion: vwap support
1. Market structure - bullish
2. Consolidation before the Breakout : two week consolidation
3. Support-Resistance levels: Entry near support
4. Supply-Demand zones: Demand zone as evident by volume
5. Location of 200MA or 200EMA: 60 degree angle up
6. Overlap with a Fibonacci level : matching with golden ratio near entry
7. Candlestick pattern and the size of candles : big bull canldle for entry
8. Chart pattern: cup and handle pattern
9. Volume expansion: vwap support
Trade closed: target reached