JP Morgan announces their optimistic insight about European Internet Stocks.
-Consolidation area.
-High volume bullish breakout.
-Confirmative pullback.
TP on a previous reference point.
SL below the pullback low.
r/r 3-5 based on the reference point used.
Following my strategy I always check for at least 3 out 5 signals to get confluence.
1. Trend are we bullish (50 MVA over 200 MVA) or bearish (50 MVA below 200 MVA) plus trend lines
2. Structure (support and resistance zones)
3. Divergence
4. Pattern (Double Top i.e. or similar)
5. Fibs
Scout24 shows me a reversal of the up trend coming. We see strong...
