Hello everyone. I just identified a nice bullish setup of Chewy on the daily chart. Let's look at the higher timeframe first.
Weekly: Price is trying to challenge the upper boundary of the range. Once it firmly closed above $92, the target would be previous high of 120 using measured move tactics.
Daily: The uptrend channel has been respected well. The wick candle of yesterday indicated buying pressure inside the demand zone.
This is a brief multi-timeframe analysis. I don't go to lower timeframes, e.g. 60m.
Give me a like if you're with me. Thanks for your support.
Weekly: Price is trying to challenge the upper boundary of the range. Once it firmly closed above $92, the target would be previous high of 120 using measured move tactics.
Daily: The uptrend channel has been respected well. The wick candle of yesterday indicated buying pressure inside the demand zone.
This is a brief multi-timeframe analysis. I don't go to lower timeframes, e.g. 60m.
Give me a like if you're with me. Thanks for your support.
註釋
Momentum looks good註釋
Nice rally. The violation of the upper channel indicated strong momentum to the upside. 
plan your trade and trade your plan
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plan your trade and trade your plan
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。