Our algorithm has sent us an alert on Kraft.
It has been trading in a clear range which is hard to see in today’s market conditions and now has created a head and shoulders with and embedded V end pattern inside.
Both patterns have been seen thousands of times before by our algorithm and with a win rate of more than 75% are good patterns, especially when formed together.
The idea is to buy if the price breaks the blue line and find a take profits in the upper zone.
Note that we prefer a 2:1 risk reward ratio and take profits before we arrive in the crowded upper zone, but you could think in a 3:1 risk reward if you just go for the price pattern objective.
In our opinion, there could be some pull-back before we arrive to the upper zone, so we prefer to take an almost 8% profit than being stuck in this stock during weeks to earn a 12%.
We have new patterns every day so having cash available is crucial to do not miss future opportunities.
It has been trading in a clear range which is hard to see in today’s market conditions and now has created a head and shoulders with and embedded V end pattern inside.
Both patterns have been seen thousands of times before by our algorithm and with a win rate of more than 75% are good patterns, especially when formed together.
The idea is to buy if the price breaks the blue line and find a take profits in the upper zone.
Note that we prefer a 2:1 risk reward ratio and take profits before we arrive in the crowded upper zone, but you could think in a 3:1 risk reward if you just go for the price pattern objective.
In our opinion, there could be some pull-back before we arrive to the upper zone, so we prefer to take an almost 8% profit than being stuck in this stock during weeks to earn a 12%.
We have new patterns every day so having cash available is crucial to do not miss future opportunities.
Dagangan ditutup: sasaran tercapai
The Head and Shoulders worked as expected, the resistance was broke, we saw a pullback and then take profits.
⚡ Trading is not about luck or patience. Is about skills and knowledge. ⚡
I share my ideas, returns and knowledge here:
📚 👉 topchartpatterns.substack.com/subscribe 👈📚
🤝 Business contact: info@topchartpatterns.com
I share my ideas, returns and knowledge here:
📚 👉 topchartpatterns.substack.com/subscribe 👈📚
🤝 Business contact: info@topchartpatterns.com
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.
⚡ Trading is not about luck or patience. Is about skills and knowledge. ⚡
I share my ideas, returns and knowledge here:
📚 👉 topchartpatterns.substack.com/subscribe 👈📚
🤝 Business contact: info@topchartpatterns.com
I share my ideas, returns and knowledge here:
📚 👉 topchartpatterns.substack.com/subscribe 👈📚
🤝 Business contact: info@topchartpatterns.com
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.