Ferrari ,,, Buying opportunity
Uptrend
After about 4 months, a new trend has been started. There is a broken trend line and it can be considered as a Flat pattern. The weekly formed candle is a good bullish as a trigger. Based on the Flag pattern,the next target could be about 500-513 area and set up a good SL for your position. Based on my method, sure SL is below the triangle at about $400.
After about 4 months, a new trend has been started. There is a broken trend line and it can be considered as a Flat pattern. The weekly formed candle is a good bullish as a trigger. Based on the Flag pattern,the next target could be about 500-513 area and set up a good SL for your position. Based on my method, sure SL is below the triangle at about $400.
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