Watching a potential Ichimoku breakout forming on the daily chart for $FANG. Price has reclaimed the Kijun-sen and is flirting with the top of the cloud (Senkou Span A). If we see confirmation above the cloud, this could trigger a mid-term bullish leg.
🔹 Entry: ~$137.73
🔹 Target: $157.12 (+14.04%)
🔹 Stop Loss: $132.26 (-3.97%)
🔹 R:R Ratio: ~3.5:1
Key Technicals:
✅ Price approaching a flat Kumo resistance.
✅ MACD still bearish but flattening, possible crossover setup.
✅ Williams %R at -60.95, rising out of oversold zone.
🔁 Fractal support near the entry level.
📉 Volume slightly increasing on green days.
Bias: Bullish continuation if price clears the cloud with volume. Watching for confirmation candle above $139.
🔹 Entry: ~$137.73
🔹 Target: $157.12 (+14.04%)
🔹 Stop Loss: $132.26 (-3.97%)
🔹 R:R Ratio: ~3.5:1
Key Technicals:
✅ Price approaching a flat Kumo resistance.
✅ MACD still bearish but flattening, possible crossover setup.
✅ Williams %R at -60.95, rising out of oversold zone.
🔁 Fractal support near the entry level.
📉 Volume slightly increasing on green days.
Bias: Bullish continuation if price clears the cloud with volume. Watching for confirmation candle above $139.
Trade closed: target reached
Target reached 14% gain
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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.