Asset and Time frame -BYND, Daily
Entry Price -Waiting for a bullish candle close(or pre-market 138.80)
Exit(Stop Loss) -124.96
Exit(Take Profit) -197.52
Technical Analysis - The stock was inside an up-trending channel until a bearish correction came, now the price has broken the down-trending corrective channel making an ABCD pattern on the daily Fibonacci and retracing back up with a big volume spike and an engulfing bullish candle back into the up-trending channel, plus there is a small convergence on the daily RSI.
I would like to hear your opinions and what can I do to improve, many thanks
Entry Price -Waiting for a bullish candle close(or pre-market 138.80)
Exit(Stop Loss) -124.96
Exit(Take Profit) -197.52
Technical Analysis - The stock was inside an up-trending channel until a bearish correction came, now the price has broken the down-trending corrective channel making an ABCD pattern on the daily Fibonacci and retracing back up with a big volume spike and an engulfing bullish candle back into the up-trending channel, plus there is a small convergence on the daily RSI.
I would like to hear your opinions and what can I do to improve, many thanks
Note
This is the 4H chart
Note
I entered the trade based on the hourly chart
Trade closed: target reached
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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.
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.