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
거래청산: 스탑 닿음
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
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.
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
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.