Today, we will share a long setup on VISA
Main items we can see on the chart:
a) The price is on a critical level (either for a breakout or a reversal)
b) we conclude that IF the price makes a new higher high, we should expect a continuation of the bullish movement
c) The reasons are:
-We can see a Huge Corrective Structure (ABC pattern). The target of the Structure is the First Fibo Extension
-We can see a smaller Corrective Structure (that made a new ALL TIMEL HIGHS) (small ABC)
-The current corrective structure with the previous one, Provide us a solid Bullish view for this stock in case of a breakout above 217.90
d) We will be trading this setup with the same parameters we are showing here. Our Break Even level is 228,12
e) We expect a resolution between 12 and 20 days in case the setup is executed
f) We will cancel the setup if the price goes below C
Main items we can see on the chart:
a) The price is on a critical level (either for a breakout or a reversal)
b) we conclude that IF the price makes a new higher high, we should expect a continuation of the bullish movement
c) The reasons are:
-We can see a Huge Corrective Structure (ABC pattern). The target of the Structure is the First Fibo Extension
-We can see a smaller Corrective Structure (that made a new ALL TIMEL HIGHS) (small ABC)
-The current corrective structure with the previous one, Provide us a solid Bullish view for this stock in case of a breakout above 217.90
d) We will be trading this setup with the same parameters we are showing here. Our Break Even level is 228,12
e) We expect a resolution between 12 and 20 days in case the setup is executed
f) We will cancel the setup if the price goes below C