Wan is evolving in an ascending triangle configuration, on its support.
Why open a long position ?
Buy : Current price
T1 : 5850 (<50% Fib)
T2 : 6060 (61.8% Fib)
T3 : 6380 (< old resistance)
Stop : under the triangle depending on your risk aversion
You may take 33% of your profit at each target or move the stop-loss accordingly to ensure the maximum profit !
Why open a long position ?
- StochRSI oversold
Price are on oblique support
Ascending triangle configuration
Sign of reversal on CCI
Buy : Current price
T1 : 5850 (<50% Fib)
T2 : 6060 (61.8% Fib)
T3 : 6380 (< old resistance)
Stop : under the triangle depending on your risk aversion
You may take 33% of your profit at each target or move the stop-loss accordingly to ensure the maximum profit !
Trade active
Target 1 reached +2.27%, hope you booked some profit ! Still has room for higher targets though
Note
Target 2 reached +5.94%, you may move your stop-loss above your entry price if you are still in position !
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.