Opportunity to go long on retracement

132 0
Stellar broke out of a bullish descending triangle pattern on 24 January and is now retracing back to the breakout area. This presents a bullish opportunity to go long, with a stop below the top line of the descending triangle at around 0.420, which would also signal a break of recent support.

The target is 1.02

The bullish formation follows a healthy 50% Fibonacci retracement from the peak of 3 January. The ROC has also fallen below the zero line, supporting the bullish view.
Comment: The stop has been triggered today.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out