25% opportunity in focus - LONDON STOCK EXCHANGE price analysis
Hello all,
Today I'm going to take a look at the chart of the London Stock Exchange:
- The price is currently in a sharp correction
- The price is in an overriding upward trend
- The last correction was similarly dynamic, but it was stopped at the golden pocket and then the price was able to mark a new high.
- An upward trend channel seems to be established
The plan:
- I would like to enter long at the golden pocket of the last rally.
- The supposed trend channel serves as cross-support here
- Definition of two target zones
- If the weekly closing price falls below the trend channel and the golden pocket, the idea is off the table.
Buy zone: 80 - 83 points
Target zone 1: 103 - 105 points
Target zone 2: 138 points
With this in mind,
Good luck & Keep it simple
Max
Today I'm going to take a look at the chart of the London Stock Exchange:
- The price is currently in a sharp correction
- The price is in an overriding upward trend
- The last correction was similarly dynamic, but it was stopped at the golden pocket and then the price was able to mark a new high.
- An upward trend channel seems to be established
The plan:
- I would like to enter long at the golden pocket of the last rally.
- The supposed trend channel serves as cross-support here
- Definition of two target zones
- If the weekly closing price falls below the trend channel and the golden pocket, the idea is off the table.
Buy zone: 80 - 83 points
Target zone 1: 103 - 105 points
Target zone 2: 138 points
With this in mind,
Good luck & Keep it simple
Max
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.