There is Hidden Bullish Divergence as we are Potentially putting in a Higher Low Partial Decline within a Right-Angled and Descending Broadening Formation just below the PCZ of a Bullish Bat and if we breakout then the move should take us up at least about 200% from the current price level.
Setup: PowerPlay
VCP: 3W 21/4 3T
RS: 97
The posted chart contains a VCP (volatility contraction pattern). The first label "W" stands for weekly and shows the duration of the entire consolidation. In the middle label, the percentage of contractions is indicated (for example, "15/4"), with 15 representing the -15% depth of the base and 4 representing -4% of the...
Traders, Like majority of the stocks in this market cap category there is an M pattern which has been completed. This means that we now have a bullish bias on this stock. A trend line has been broken and retested successfully which means that this stock price is ready to go higher. As the overall market is taking a little recovery (upside correction so far), this...
Growing trend on the daily chart and Downtrend on the hourly chart.
Visible flag shape visible.
If the upper boundary of the downtrend is broken and volumes increase, you can take long.
Take Profit1 - 50.09 +1.86%
Take Profit2 - 51.69 +5.12%
Take Profit3 - 53.17 +8.16%
Stop Loss - 47.98 - 2.69%
My strategy is to combine several techniques at once:
+ Price channel and trend line: help me identify the direction of the price,
+ Supply - demand: help me identify the reversal position,
+ Elliott wave: help me determine the cycle of price,
+ Candlestick patterns and price action: Help me enter the order at the right time.
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