An ascending triangle was spotted.
Ascending triangle has a higher probability of breaking upwards
The price right now is at the lower trend.
To buy now when market opens again. Price around 34.41.
There's a lot of selling pressure in the market right now.
Since this is a buying opportunity, we should have a smaller position than usual.
Price target 45.
Stop when candlestick closes below the lower trend line.
Ascending triangle has a higher probability of breaking upwards
The price right now is at the lower trend.
To buy now when market opens again. Price around 34.41.
There's a lot of selling pressure in the market right now.
Since this is a buying opportunity, we should have a smaller position than usual.
Price target 45.
Stop when candlestick closes below the lower trend line.
Trade active
Trade was opened at 34.62. Trade closed manually
There's been a lot of selling pressure due to US tariffs. Manually closed the trade @ 6.26% profit.
Wait and see and if there's any breakouts. Be it above the upper or lower trend line.
Note
In the end, it breaks downward.
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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.