Long
CIVIC - Buy Opportunity - 46% ROI - 2.3:1 Risk/Reward
Okay let me say, I'm a tad excited about CIVIC based on what i'm seeing on the charts.
If you look at the DAILY chart, CIVIC could be in a for a MASSIVE run (If someone can tell me how to split screen the charts on a post i'll add it). While theislarger breakout pattern has not provided a clear consolidation zone as yet, if we were to project a target from the smaller time frame break out pattern (shown above) consolidation zone, CIVIC could be about to make a massive run with a 467% ROI.
The plan now is to trade trade the smaller time frame pattern and leave a part of the position to run.
Reason to BUY on a re-test of the consolidation zone OR breakout of the pennant:
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
If you look at the DAILY chart, CIVIC could be in a for a MASSIVE run (If someone can tell me how to split screen the charts on a post i'll add it). While theislarger breakout pattern has not provided a clear consolidation zone as yet, if we were to project a target from the smaller time frame break out pattern (shown above) consolidation zone, CIVIC could be about to make a massive run with a 467% ROI.
The plan now is to trade trade the smaller time frame pattern and leave a part of the position to run.
Reason to BUY on a re-test of the consolidation zone OR breakout of the pennant:
- Valid break-out pattern with a clear consolidation zone
- Consolidation occurring at the upper trend line of the larger break out pattern
- Smaller time frame break outs have reached target
- Increase in volume prior to break out
- Buy low / sell high
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Note
Note
Breakout from penant a good signNote
False break out for BETrade closed: target reached
Closed partial profit on longer term pattern
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.