7204: Breakout and Retest

213
7204 was in correction for a while within descending parallel channel.

  • Breakout followed by retest is observed on parallel channel.
  • Price has started showing HH, HL formations after
  • taking support from horizontal line
  • which is also golden pocket fib level.
  • A Bullish divergence is also formed.

Take entry now (with aggressive or conservative SL) and ride the trend.
Do proper risk management based on your portfolio and appetite.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.