First stock trading idea!!
Open = 135.00
Target/TP = 120.00
SL= 132.250
Opening level = 135.00 is a significant level in the overall long-term bearish trend. (Continuation Level)
Closing level = 120.00 end of Long term bearish trend (Major Key Level )
LONG TERM trend which has been in play Since DEC/21 = 180.00 - 120.00 (Target)
and this trade would be the completion of this Bearish Run.
things to consider (possible rebalancing taking place at this LOI.
There are multiple indicators of price going further down that are technical in nature, i see H&S & DT quite obvious on higher timeframes and have been forming over a long period of time.
(THIS IDEA IS MAINLY BASED ON TECHNICALS)
(this is a personal idea based on what i am seeing MY CHART.)
Open = 135.00
Target/TP = 120.00
SL= 132.250
Opening level = 135.00 is a significant level in the overall long-term bearish trend. (Continuation Level)
Closing level = 120.00 end of Long term bearish trend (Major Key Level )
LONG TERM trend which has been in play Since DEC/21 = 180.00 - 120.00 (Target)
and this trade would be the completion of this Bearish Run.
things to consider (possible rebalancing taking place at this LOI.
There are multiple indicators of price going further down that are technical in nature, i see H&S & DT quite obvious on higher timeframes and have been forming over a long period of time.
(THIS IDEA IS MAINLY BASED ON TECHNICALS)
(this is a personal idea based on what i am seeing MY CHART.)