-long term time frame is almost completing a symmetrical triangle and price bounced off support -intermediate time frame shows break of downtrend line and price action shows the impulse moves being weaker as it continued its downtrend showing possibility of tiring out -also price rejection at the 13.26 area showing support on higher and intermediate timeframe and...
I like the stock because there is a nice breakout of a big descending triangle so this is strong. ( Yeah the stock did not totally broke the trendline and this is why i putt my entry above that trendline to make sure that the trend is very broking out of that trendline). The candle today was very strong, open nears i low and close at his high shows the strenght of...
there is a big bullish candle over the support ....buying
uptrend .... breakout of descending tl can be sign of correction ending ... enter to buy position after strong breakout by a nice bullish candle
details on the chart and now we need to a good trigger e.g. big bullish candle
im in.... uptrend ... its a pullback and correction by small candles ... if you dont in wait for nice bullish candle for entry
Hey traders, great bull flag setup here. It's moving on strong volume today so I'm expecting a breakout within the day or tomorrow morning. I will not enter unless resistance is pierced, but this looks like a high probability setup. I'll be letting it run after 1:1. Cheers