Price was making a lower low from last weeks but finally, price one last low brokes out with a strong green candle also on daily time frame.
Some reasons for taking the trade :
1. Price-making historic pattern means breaking out of the last lower low with a strong green candle.
2. Morning star is there with engulfing candle and also hammer which is known as rejection candle.
3. There is also a neckline breakout of the Double bottom.
4. Price rejected two times .618 level of Fibonacci retracement. (In pink line)
SL and TGT's are as shown in the chart.
Some reasons for taking the trade :
1. Price-making historic pattern means breaking out of the last lower low with a strong green candle.
2. Morning star is there with engulfing candle and also hammer which is known as rejection candle.
3. There is also a neckline breakout of the Double bottom.
4. Price rejected two times .618 level of Fibonacci retracement. (In pink line)
SL and TGT's are as shown in the chart.
註釋
Buy on CMP...
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。