Reason for long
1. Market structure - bullish
2. Consolidation before the Breakout : 2 month consolidation
3. Support-Resistance levels: Entry above 134 above resistance
4. Supply-Demand zones: Demand zone as evident by volume
5. Location of 200MA or 200EMA: horizontal as it is long term consolidation in higher time frame
6. Overlap with a Fibonacci level : matching with golden ratio near entry
7. Candlestick pattern and the size of candles : not applicable
8. Chart pattern: pole and flag
9. Volume expansion: vwap support
1. Market structure - bullish
2. Consolidation before the Breakout : 2 month consolidation
3. Support-Resistance levels: Entry above 134 above resistance
4. Supply-Demand zones: Demand zone as evident by volume
5. Location of 200MA or 200EMA: horizontal as it is long term consolidation in higher time frame
6. Overlap with a Fibonacci level : matching with golden ratio near entry
7. Candlestick pattern and the size of candles : not applicable
8. Chart pattern: pole and flag
9. Volume expansion: vwap support
Comment:
close above 134 is long
Trade closed: stop reached