Today we will show our analysis and setup we are planning to take on ABT
Technical Overview:
-The price is inside an ascending channel
-Currently is in contact with a key support resistance zone + the ascending trendline
-In Technical analysis confluence situations provide interesting places to think in terms of buying or selling pressure
Setup development:
-We can see an ABC pattern on the confluence zone (support resistance zone + ascending trendline)
-IF the price reaches the green line we will consider that as a trigger for our view. We will set stop loss below the structure, break-even on the first fibo extension and take profit on the final fibo extension
-IF the price doesn't reach the green line, and keeps falling below the Flag pattern, we will cancel our bullish view.
-Risk we are taking on this setup: 1% of our capital
Thanks for reading!
Technical Overview:
-The price is inside an ascending channel
-Currently is in contact with a key support resistance zone + the ascending trendline
-In Technical analysis confluence situations provide interesting places to think in terms of buying or selling pressure
Setup development:
-We can see an ABC pattern on the confluence zone (support resistance zone + ascending trendline)
-IF the price reaches the green line we will consider that as a trigger for our view. We will set stop loss below the structure, break-even on the first fibo extension and take profit on the final fibo extension
-IF the price doesn't reach the green line, and keeps falling below the Flag pattern, we will cancel our bullish view.
-Risk we are taking on this setup: 1% of our capital
Thanks for reading!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.