ELECTROLUX Weekly Technical AnalysisELUX_B Weekly - EDUCATIONAL only - Support, Resistance, Trend Lines , Cluster, Fibonacci Retracement / Expansion, Pitchfork - Hope it Helps, Good Luck
ELXC trade ideas
bearishthis is my personal thought, due to all the things happening with the world economy.
this is not a financial advice and im not a financial advisor.
Electrolux 200 days and 50 days crossingI thinkg it is a real good chance to get a great long position. Maybe it will grow up to the resistance technikal levels.
Electrolux B analysis on the daily timeframeElectrolux trend change confirmed to bullish based on the 123 trend change criteria on 8th July 2020. That also marks as the ascending triangle break.
Entered the trade on 27th July upon re-test completion of the ascending triangle. The overall ascending triangle target is 228.
My first target is at 198, which is just below the area of resistance.
18th August cup and handle pattern break suggesting a strong continuation trend
TARGETS:
198,214, 228
Stop loss:
147
