Chart pattern: Bull flag
Entry: 27.91$ (this would end the secondary downtrend of the correction)
Stop: 25$
Target: 33$
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: ~ 2:1
Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement ). Target is the 1:1 Fibonacci extension of the former impuslive move. Also, the decreasing volume during the consolidation confirms the overall bullish sentiment.
Entry: 27.91$ (this would end the secondary downtrend of the correction)
Stop: 25$
Target: 33$
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: ~ 2:1
Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement ). Target is the 1:1 Fibonacci extension of the former impuslive move. Also, the decreasing volume during the consolidation confirms the overall bullish sentiment.
Komentar:
New Entry: 26.65$
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