HELLO GUYS AND THX FOR SUPPORT.
-It is clear that an ABC BULLISH triangle has formed, complete at point C, and we confirm this by arriving at three strong intersecting support logics:
1- The mid-line of the ascending channel
2- Touching M50, which is also a strong support line
3- The horizontal strong support area, which was a resistance area in the past.
According to what this triangle tells us, we should BUY at the top of the second candle following point C, and we place the stop loss exactly at point C.
The targets are defined by drawing, and they are completely compatible with the support and resistance lines of the ascending price channels.
- If the price breaks the stop loss, it will head to the line of the channel and from there it will go back up.
WHAT DO YOU THINK?
-It is clear that an ABC BULLISH triangle has formed, complete at point C, and we confirm this by arriving at three strong intersecting support logics:
1- The mid-line of the ascending channel
2- Touching M50, which is also a strong support line
3- The horizontal strong support area, which was a resistance area in the past.
According to what this triangle tells us, we should BUY at the top of the second candle following point C, and we place the stop loss exactly at point C.
The targets are defined by drawing, and they are completely compatible with the support and resistance lines of the ascending price channels.
- If the price breaks the stop loss, it will head to the line of the channel and from there it will go back up.
WHAT DO YOU THINK?