RACE - FERRARI - Double Button05/19/2022 (mm-dd-yy)
TARGET 215-231
TRIGGER 196
STOP 1 = 181
STOP 2 = 170
Historic:
05/19/2022 (mm-dd-yy)
Fear & Greed Index: 29
Mid-term forecast (1-2 weeks):
If price breaks the 196 resistance, a resumption of a strong uptrend is expected.
Aiming at 215 (1-2 weeks) and 231 (2-4 weeks)
If the support a 181 breaks, the short-term forecast (resumption of the downtrend) will not be valid.
We will close our open trades if the 181 or 170 level is broken in the medium term.
Technical analysis:
A DOUBLE BUTTON on the flooir forms on the daily chart between 177 and 181, starting on 03/09/2022.
This week it can break 196 and is expected to rise to 215 and 231 according to technical analysis and confirmation of the pattern.
+ Trigger:
Trigger1= 196
+ Take Profits:
TP1=215
TP2=231
+ Stop:
Stop1=181
Stop2=170
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