If the economy starts booming again, we shall see this Oil tanker company raise in value.
So I am looking to go long at the C point around $4.23 with a tight stop loss if we break the support.
Take profit target is on chart, which corresponds to the top of the channel. If this scenario plays out, I'd look for a short next.
So I am looking to go long at the C point around $4.23 with a tight stop loss if we break the support.
Take profit target is on chart, which corresponds to the top of the channel. If this scenario plays out, I'd look for a short next.
Note
I'm stating the obvious here, but there are large wicks on this chart so manage your risk accordingly.Note
Today was the dip. Just as I expected !Trade closed manually
Pattern didn't complete, international situation is not clear so better close this one.
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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.