STZ has been in a long term accumulation structure perfectly respecting key levels and supports.
Recently it has put in a few lower highs and it looks like the trend is changing. However, until it breaks down and takes out the last low, we are inclined to remain bullish. We are looking to go long on Monday, after open making sure we do not have a consecutive steep red candle.
Reasons for long:
- Bullish Divergence
- Ascending right angle triangle formation still valid. The stoploss is strategised so that it would imply a breakdown of the formation.
- Trend is bullish until low is taken out.
- 200 MA held on 1D tf and respected as support on the last low on the 2D tf.
We are at a point of minimal potential losses and maximum gains. Lets see what Monday has to offer but we will likely enter this trade.
Recently it has put in a few lower highs and it looks like the trend is changing. However, until it breaks down and takes out the last low, we are inclined to remain bullish. We are looking to go long on Monday, after open making sure we do not have a consecutive steep red candle.
Reasons for long:
- Bullish Divergence
- Ascending right angle triangle formation still valid. The stoploss is strategised so that it would imply a breakdown of the formation.
- Trend is bullish until low is taken out.
- 200 MA held on 1D tf and respected as support on the last low on the 2D tf.
We are at a point of minimal potential losses and maximum gains. Lets see what Monday has to offer but we will likely enter this trade.
노트
We got the perfect entry. Well done to everyone that joined in. Minimum potential losses maximum potential gains
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.