AAL is forming an inverse head and shoulders pattern around support in green.
The head and shoulders is still an idea so we are waiting for the right shoulder to form and then buy on the neckline (in gray) break upward.
we also have a trendline in red and divergence adding more confluence to our setup.
our trigger would be after a momentum candle close above the neckline.
Or waiting for a red dot (swing high) to form around the upper red trendline to consider it valid and buy on its break upward.
and the stop loss would go just below the right shoulders.
we always target double our stop loss.
Good Luck!
The head and shoulders is still an idea so we are waiting for the right shoulder to form and then buy on the neckline (in gray) break upward.
we also have a trendline in red and divergence adding more confluence to our setup.
our trigger would be after a momentum candle close above the neckline.
Or waiting for a red dot (swing high) to form around the upper red trendline to consider it valid and buy on its break upward.
and the stop loss would go just below the right shoulders.
we always target double our stop loss.
Good Luck!
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.