Fresenius is in a strong downtrend and has broken down from a corrective area.
This is likely to be the next wave down.
There are two obvious liquidity pools further below, both of which are potential reversal areas and therefore useful targets.
The first is February 2022 support, which sets up a 1:1 RR trade (TP1).
Below that is May support. That peak printed a high volatility whipsaw and is therefore more likely to trigger a reversal.
Using that as a target gives a 2.6:1 trade (TP2).
My preference is to exit at TP1, but a more adventurous trader could hold to TP2.
For invalidation, a bounce back to the 0.618 retracement would show enough strength to suggest a pivot may be forming.
Entry: Current Price
Stop Loss: $40.83
TP1: $38.1
TP2: $36.01
Not advice
This is likely to be the next wave down.
There are two obvious liquidity pools further below, both of which are potential reversal areas and therefore useful targets.
The first is February 2022 support, which sets up a 1:1 RR trade (TP1).
Below that is May support. That peak printed a high volatility whipsaw and is therefore more likely to trigger a reversal.
Using that as a target gives a 2.6:1 trade (TP2).
My preference is to exit at TP1, but a more adventurous trader could hold to TP2.
For invalidation, a bounce back to the 0.618 retracement would show enough strength to suggest a pivot may be forming.
Entry: Current Price
Stop Loss: $40.83
TP1: $38.1
TP2: $36.01
Not advice
交易结束：到达止损
Always check your momentum trade does not pass through earnings.
Broker I use: Vantage ✨
vigco.co/la-com-inv/8g5DVv78
Private Group | $50/month 💡
Contact | t.me/ThinkFastTrading
vigco.co/la-com-inv/8g5DVv78
Private Group | $50/month 💡
Contact | t.me/ThinkFastTrading
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
Broker I use: Vantage ✨
vigco.co/la-com-inv/8g5DVv78
Private Group | $50/month 💡
Contact | t.me/ThinkFastTrading
vigco.co/la-com-inv/8g5DVv78
Private Group | $50/month 💡
Contact | t.me/ThinkFastTrading
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。