Hermes International SCA (RMS - France) is in 5th wave up in 2 hr time frame from last swing major low. It is in 2nd subwave of 5th wave up, which may go down more for correct the 1st subwave, but invalidation level of 731.30 must hold to validate the count. Alternate ABC 4th wave correction is possible, which confirmed when 731.30 level broke and price go down,...
The large uptrend line can be duplicated to see all other parallel levels where the market have found support/resistance.
The price have then been ranging horizontally, after having broken this large uptrend line.
Now it is time to consider the probability of seeing the market price fall a bit.
The break of the lower part of the rectangles will validate that...
Hermes International SCA (RMS - France) is impulse wave and moving up in 5th of internal 3rd of major 3rd wave up in 60 min time frame. It is in 5th wave of weekly time frame as shown in chart, which is also in extension. It is too strong and out-performing to CAC40 and in tremendous price pattern.
the market has broken the range with force and it is high vwap + an impressive volume so there is a probability of going higher.
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DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a...
A tight ascending channel can be observed on Hermes. Other patterns also present include an ascending scallop, a rising wedge, and a bump and run. Volume looks strange. Unnatural.
Après la cassure de l'overlap à hauteur des 612 € notre anticipation est baissiere sur Hermes avec un objectif de TP = 587,6 €
un STOP = 618,8 €
soit un Ratio = 2 pour ce trade.
