TRIPLE CONFLUENCE - GREAT POSITIONAL AND SWING SETUP

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Hi Friends and Fellow Traders,

MUST WATCH stock.

  • Price Trading at 61.8% Fib Retracement
  • Price at long term resistance turned support zone (daily and weekly timeframe)
  • Price right at the UP trendline support


TRIPLE CONFLUENCE OR A COINCIDENCE ???

DEFINITE LONG ON CLOSING BASIS ABOVE 214. THIS WOULD CONFIRM PRICE ACTION AND SUBSTANTIATE THE REVERSAL OF THE SHORT TERM DOWNTREND

LET ME KNOW IF YOU HAVE TRADED THIS IDEA IN COMMENTS
交易進行
Stock Moving on Expected Lines. Anticipate a retest of 212-214 range in Hourly Timeframe before the Momentum continue or a Retracement to the Trendline
交易進行
Retracement ? Breakout and Retest of Support. If it holds here , further upward momentum would be seen
交易結束:目標達成
DONE
4stech4stechnicalanalysisChart PatternsTechnical IndicatorsthegoanbullTrend Analysis

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