Reasons for bullish bias: - Price moving in a Bull trend - Entry at 0.382 fib level - No divergence Here are the recommended trading levels: Entry Level(Buy limit): 446.17 Stop Loss Level: 408.96 Take Profit Level 1: 483.38 Take Profit Level 2: Open
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Entry: with price above 373.59 Volume: strong volume Target: 407 area Stop: Depending on your risk tolerance; 362.44 gets you 3/1 Reward to Risk Ratio. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade...
LIN is showing a nice SHORT setup ! however , entrance has not yet triggered ! What are entry triggers? Lets follow and see. As shown on the chart , Wave 2 or B was a real bull trap ! it Retraced back around 0.786 of wave 1 or A. After completion of the mentioned bull trap a considerable decline started which can be labeled as wave 1 of 3 or C. This...
LIN price chart is in a position which suggests several alternatives in terms of Elliott waves and we have to be careful now !. Please keep in mid that when we are in world of Elliott waves we are dealing with possibilities not certainties. I published an idea about LIN with possible 215 and 200 short targets. These targets may still be valid but now we have...
Hi All, There seems to be 2 possible formations taking place with this uptrend and support level. Its early to say but the support zone is clear. I did jump in at this latest pullback and now waiting to see what it gives in the lower time frames. a) Bump and run b) triangle or inverted H&S. Regards, S.SAri s3.tradingview.com