Long
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%
Transaction en cours
Train is departing from Platform $$Note
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
Transaction en cours
Note
700%Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.