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dukeposh
Feb 22, 2022 8:22 AM

RCL | Bull Dragon Pattern | upcoming Triangle Breakout Setup Long

REGIONAL CONTAINER LINES PUBLIC COSET

Description

Price Action and Chart Pattern Trading Setup
> Bullish Dragon Pattern with upcoming triangle breakout ENTRY setup above EMA200 and Volume Profile Point of control 44.50
> 1st Target upcoming TAIL HOOK fibo 0.5-0.618
> 2nd target at DRAGON HUMP 0.618-0.786
> 3rd target DRAGON HEAD 0.786-1.0
> Tail extended target DRAGON HORN ZONE 1.0-1.618

Indicator:
> Smart Money and Banker Chip important level support at Triangle A position
> Fund flow trend reversal into positive distribution phase
> KDJ Stochastic strong uptrend
> Banker BBD positive trend above baseline 0

Fundamental Factor:
> positive BDI index +5% vs last week above 2000.
> CCFI Container Index still at high level

en.macromicro.me/charts/947/commodity-ccfi-scfi

Risk ratio: 2.5:1 for short term target tailhook position or dragon hump trade and 3:1

Always trade with affordable risk and respect your stop loss

Good Luck
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