After major correction (series of LH, LL), 2281 has started formation of HH, HL (Bullish Trend).
Price is ranging in a descending parallel channel.
Breakout of parallel channel top, formation of another HH can be a profitable trade.
Ride with trailing stop loss.
Dear Saudi Traders and Investors, I'm sharing with you this analysis on 2281 since I got questions if it's time to buy it or no.
For now don't buy it until you get a confirmation of the pullback on the support level it just pulled back on to reach the level 0.5 of the Pitchfork.
Don't hesitate to ask in case you got any question!
Alsalam 3alikom, I hope you are Fine!
The graph highlights good things here, we had the FVG 4h in the Discount area which shows good price at 134 daily and good price above it weekly.
Good Luck :)
Price has taken support from important zone
Trednline, Horizontal Support confluence
Price is in Uptrend (Formation of HH, HL)
Completion of AB=CD targets
New formation of AB=CD in process
Cup & Handle formation is in process
SL and TPs are specified
Ride the trend with trailing SL
Running in parallel channel (Hourly TF) after an uptrend.
Signs of accumulation
breakout from trendline is observed with good volume.
Short term trade with tight SL can be taken
Good long term potential above parallel channel top
Price is moving in parallel channel for a while (accumulation)
Bulls need to breakout for Long setup
Rising Wedge formation is in picture
HH, HL formation continues in higher timeframe
Entry after breakout of channel can be taken for a Good Risk Reward Ratio
Trail Stop Loss
A good Potential setup with good Risk Reward Ratio Setup
Short-term trade until TP @ top of Triangle/Pennant
Long-term trades with trailing stop loss and identified TP levels
Support from 200 EMA
Price is moving in sideways after upside movement
Short upside movement within parallel channel
Take buy position with proper stop loss
Ride with trailing stop loss
Watchout for Ascending Triangle breakout
Take Long position from the levels specified.
Keep stop loss as specified
Ride the trend with trailing stop loss
AB=CD completion of 100% on daily timeframe
continue TP as per fib extensions
15min Chart
Ascending Triangle breakout and retest
Take Long position from the levels specified.
Keep stop loss as specified
Ride the trend with trailing stop loss
AB=CD completion of 100% on daily timeframe
continue TP as per fib extensions for long-term
Details are on the chart, the price currently is retesting a previous support and showing a reversal
targets are set on the chart
Comment, follow and boost idea
let me know what you think
stay safe and trade wisely
