Hi all,
Here we have Aston Martin on a 4HR chart and in the bigger picture it looks like a falling wedge with a major line acting as support, and also a double bottom (with a green candle on the 2nd bottom - although we can wait for a break of the neckline to confirm, depending how aggressive you want to trade)
This support line has acted as good support 1 2 3 4 times, with two good bull moves higher in the process, in the bigger picture we can see the downward wedge could be seen as a pull back..possibly meaning a bull move to new highs,
Set and take profits to suite yourself
Plan B - If price breaks and shorts I have marked a possible area (red dashed line) to where price may fall to.
* This is not financial advice this is my person opinion and for educational purposes only, all feedback back is welcomed *
Good luck and trade safe
L
Here we have Aston Martin on a 4HR chart and in the bigger picture it looks like a falling wedge with a major line acting as support, and also a double bottom (with a green candle on the 2nd bottom - although we can wait for a break of the neckline to confirm, depending how aggressive you want to trade)
This support line has acted as good support 1 2 3 4 times, with two good bull moves higher in the process, in the bigger picture we can see the downward wedge could be seen as a pull back..possibly meaning a bull move to new highs,
Set and take profits to suite yourself
Plan B - If price breaks and shorts I have marked a possible area (red dashed line) to where price may fall to.
* This is not financial advice this is my person opinion and for educational purposes only, all feedback back is welcomed *
Good luck and trade safe
L
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.