An intraday high potential, Back Tested Sort Analysis.
We ll try to find an entry price within the expected pull back zone 73.23 - 76.23 as previously being back tested.
We ll try to enter into the correction of the uptrend movement tracking trend oscillators as below:
A butterfly pattern is shaped signaling a bearish movement.
Price is likely to move within the parallel channel.
OBV breaking down supporting trendline
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
We ll try to find an entry price within the expected pull back zone 73.23 - 76.23 as previously being back tested.
We ll try to enter into the correction of the uptrend movement tracking trend oscillators as below:
A butterfly pattern is shaped signaling a bearish movement.
Price is likely to move within the parallel channel.
OBV breaking down supporting trendline
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Trade active
Chart apparently depicts sl instead of tp and vice versa.Hence, S. L equals to 76.23 and T. P to 73.24.
Apologies for the inconvenience.
Best regards.
The trading statistics team.
Trade active
Trade active
Trade closed manually
Stock has reached 80% of initial target: 73.43 instead of 73.23.We consider that that the study has been implemented having with a statistical deviation which doesn't worth to keep us into the market.
We opt to exit at breakeven: 74.84.
Best regards.
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.
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.