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pablo82
Oct 18, 2016 11:01 PM

WEEKLY SETUP Long

VOLKSWAGEN AG ST O.N.FWB

Description

We have a triangle pattern in development on weekly timeframe.

We have also huge gap which has not been filled yet.

There is still posibility for new H3 and L3 of pattern in making.

I have a two strategy to play this out :

1 - early entry if price pull back to yellow zone with SL below it with much beeter RR
2 - tradinional entry when price break out fom triangle with SL below L3.






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I think it is time to buy now. Price might go down more but any drops will be bought by strong hands.

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Good time to add to positions or open longs if not bought earlier.

I expect a strong up move on high volume soon.

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Price aproaching key level.

Might breakout from triangle.

1000 points in profit at the moment.

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Breakout confirmed.

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Fantastic progress.

Over 2300 points in profit.

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We have had more than 20% advance in price over few weeks time.

We generate very nice profit.

I will start to close all my longs shortly but still expect final push up first.

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Good opportunity to enter trade.

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Trade closed: target reached

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Target reached 2017/21/11 2 weeks before time stop.
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