Nice multi month consolidation on BAND.
The chart has formed a rectangle pattern which will either lead to reversal or continuation.
The rectangle pattern can be successfully traded by buying at support (143) and selling at resistance (190) or by waiting for a breakout from the formation.
With all the moving averages rising to support the price I would bet on an imminent break out and continuation to the upside.
The measured move or initial target is calculated by adding the width of the rectangle to the break out point, which is in the 237-242 zone. The reliability of this pattern is high (about 79%).
I'll be watching for a break out of the rectangle to initiate a long position.
Trade safe.
The chart has formed a rectangle pattern which will either lead to reversal or continuation.
The rectangle pattern can be successfully traded by buying at support (143) and selling at resistance (190) or by waiting for a breakout from the formation.
With all the moving averages rising to support the price I would bet on an imminent break out and continuation to the upside.
The measured move or initial target is calculated by adding the width of the rectangle to the break out point, which is in the 237-242 zone. The reliability of this pattern is high (about 79%).
I'll be watching for a break out of the rectangle to initiate a long position.
Trade safe.
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.