Here is a trade that can put us right into retirement. I really can't say much around here but what I can say that this looks good right now. And if I will to follow the book I'm currently reading (Encyclopedia of Chart Patterns), we can get at least 100% to as the falling wedge target and 130% for the triple bottom. Now, I am not the guy who will wait for the confirmation, I will just buy at the bottom and hope for the best.
If you ask me, you don't really need those confirmations. Just buy at the bottom and hope for the best. Again, the only thing I can say to this is this is very bullish. RSI is oversold, nearing support levels (which when touched increases the price by 100% historically). At the very least, if I were correct. We can get at least 30% from this trade assuming that the 55 Daily EMA will resist it and kill it. and if it punched through it, we can see at least 50 - 80%
For the stop loss, It's up to you, just put it below the first bottom and I believe it will play out well. I have mine very generously.
Tip: Buy as soon as the falling wedge breaks out. Throwback "may" happen but it will hit the support zone and I think it's pretty much safe.
If you ask me, you don't really need those confirmations. Just buy at the bottom and hope for the best. Again, the only thing I can say to this is this is very bullish. RSI is oversold, nearing support levels (which when touched increases the price by 100% historically). At the very least, if I were correct. We can get at least 30% from this trade assuming that the 55 Daily EMA will resist it and kill it. and if it punched through it, we can see at least 50 - 80%
For the stop loss, It's up to you, just put it below the first bottom and I believe it will play out well. I have mine very generously.
Tip: Buy as soon as the falling wedge breaks out. Throwback "may" happen but it will hit the support zone and I think it's pretty much safe.