Gapped up nicely, however it's Overbought. May setup for a short term play if it breaks out to the top!
Chilean Stocks. Pure Technical Projection. Box Pattern, which in this case should break to the downside. This is a short 75%. Also, price is in the vertice of a symmetrical triangle, so the breakout may be fast and strong.
The trade was placed after the formation of the highlighted candle, just below its minimum and the stop loss is at its maximum. I would advise you to do a partial buy at the first major resistance and than hold it till it reaches the second major resistance where we will buy the rest.
Seeing as thought Crypto's are moving lower, I thought a box below current price would be good to look at!
WTW has been consolidating for almost 4 months. It has stochastic divergence at the breakout point of a falling wedge. This signal should move the price to the top of the box and possibly a breakout. Buy: 44.29 Target: 46.24 - 49.38 (4.40% - 11.49%) jbzstocks.com @jbzstocks
I'll give you one guess where we're headed? Ignore the Overbought status for a bit!
GBPJPY RETEST THE BOX IN RETRACEMENT !! TP 150PIPS SL MAXX 50PIPS
I have found this box pettern on palladium. Ratio 1:1.4
Ratio 1:3 after break trading box.