Reason for long
1. Market structure - bullish and long term consolidation range bound market
2. Consolidation before the Breakout : 1 week mini consolidation as flag
3. Support-Resistance levels: Entry near support
4. Supply-Demand zones: Demand zone as evident by volume
5. Location of 200MA or 200EMA: horizontal
6. Overlap with a Fibonacci level : Not applicable
7. Candlestick pattern and the size of candles : flag and pole set up
8. Chart pattern: long term channel breakout
9. Volume expansion: vwap support
1. Market structure - bullish and long term consolidation range bound market
2. Consolidation before the Breakout : 1 week mini consolidation as flag
3. Support-Resistance levels: Entry near support
4. Supply-Demand zones: Demand zone as evident by volume
5. Location of 200MA or 200EMA: horizontal
6. Overlap with a Fibonacci level : Not applicable
7. Candlestick pattern and the size of candles : flag and pole set up
8. Chart pattern: long term channel breakout
9. Volume expansion: vwap support
Trade closed: stop reached