Adam and Eve is a kind of double bottom. The entry is triggered as it breaks above the neckline of the pattern.
The expected A&E price target will be the equi-distance from the low of the A&E pattern to the neckline, projected up from the neckline ("D" on the chart), which brings it to about 23.50.
Initial stop loss will be placed just below 17 and I will trail the stop up when trade goes our way.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
The expected A&E price target will be the equi-distance from the low of the A&E pattern to the neckline, projected up from the neckline ("D" on the chart), which brings it to about 23.50.
Initial stop loss will be placed just below 17 and I will trail the stop up when trade goes our way.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
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.