Ferrari has been under my radar for a while now and it's finally giving me the chance to own and trade some shares. After a correction pattern on the weekly and daily charts, price on 
RACE has been consolidating around 410 and 225 without re-testing the 375-350 area, this flat price action on RACE for the last 160 days shows me bullish strength and a high probability for a long pattern to play out on significant time frames.
A position has been opened with a 6% Stop Loss 👀
RACE has been consolidating around 410 and 225 without re-testing the 375-350 area, this flat price action on RACE for the last 160 days shows me bullish strength and a high probability for a long pattern to play out on significant time frames.A position has been opened with a 6% Stop Loss 👀
Trade closed: target reached
The pattern performed as planed and the take profit limit order was executed.[img]
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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.