Good afternoon Folks, This stock has given us a breakout from falling wedge pattern and from inverse H & S pattern and with a strong green candle
- The next step is either you can enter now as a big green candle without rejection shows bulls strength.
- Next is to wait for the 2nd green candle closes around high which acts as confirmation and the classical way to trade breakouts.
- Now as per the John Murphy's book the target for Inverse H&S Breakout will be the size of head which I have marked in yellow which suggest 44% upmove or else you can use pivots which gives you support and resistance which can help you to understand from where price is taking support or where it is facing rejection.
- it will also helps you with target and stoploss.
THIS ARE MY PERSONAL VIEWS OR ANALYSIS NOT ANY RECOMMENDATIONS.
- The next step is either you can enter now as a big green candle without rejection shows bulls strength.
- Next is to wait for the 2nd green candle closes around high which acts as confirmation and the classical way to trade breakouts.
- Now as per the John Murphy's book the target for Inverse H&S Breakout will be the size of head which I have marked in yellow which suggest 44% upmove or else you can use pivots which gives you support and resistance which can help you to understand from where price is taking support or where it is facing rejection.
- it will also helps you with target and stoploss.
THIS ARE MY PERSONAL VIEWS OR ANALYSIS NOT ANY RECOMMENDATIONS.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。