Largo
Frontier (FRONT)

On the above 2-day chart price action has corrected over 60% since the 200% move in September (idea attached). A number of reasons now exist to consider a long position. They include:
1) Price action and RSI resistance breakouts.
2) Price action backtest on past resistance confirms support.
3) Volume. Money Flow resistance breakout. I don’t know why, but more money is flowing in than out.
4) The pennant formation, a reliable chart pattern on confirmation. Price action forecast is determined from taking the flagpole extension to the breakpoint.
Is it possible price action falls further? Sure.
Is it probable? No
Type: Trade
Risk: <=6%
Timeframe for long: Don’t know.
Return: 200%
1) Price action and RSI resistance breakouts.
2) Price action backtest on past resistance confirms support.
3) Volume. Money Flow resistance breakout. I don’t know why, but more money is flowing in than out.
4) The pennant formation, a reliable chart pattern on confirmation. Price action forecast is determined from taking the flagpole extension to the breakpoint.
Is it possible price action falls further? Sure.
Is it probable? No
Type: Trade
Risk: <=6%
Timeframe for long: Don’t know.
Return: 200%
Operación activa
Train is departing from Platform $$Nota
Think a large move is about to print. Can't say exactly why, just a hunch.Must ask below for updates, not trading this.
Ww
Operación activa
Nota
700%Publicaciones relacionadas
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.