══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the...
My Trading Idea for Stora Enso - Buy Limit Order Buy: 155 SEK Target: 198 SEK (+27 %) Stop: 137 SEK
Hi, Strong support area 9.500 - 10.500. Technical criteria: 1) Rejection from the trendline 2) Rejection from the Fibonacci retracement 62% 3) The round number 10.000 4) 50% drop from the recent high acting as a support 5) Historically really strong horizontal area acting currently as a support 6) Monthly EMA 100 7) Monthly EMA 200 Regards, Vaido
Nice pull back on monthly support with confluence on SMA 20 & 200 Only hurdle is the W1 SMA 50 which is a bit steep so it may take 1-2 weeks to unleash the beast. Target 165
A negative divergence has been building. Prices keep making higher highs, but accompanied by weaker technicals. I think this uptrend is tired and we could be headed to test the 200-day SMA.