🟢 RTX is preparing for a free fall
RTX is offering a 10% return opportunity today, with a risk of just 2.5% in the deal. RTX experienced a strong trend during 2024, which was broken on November 14th.
✅ What pattern is unfolding inRTX?
RTX has broken a yearly channel and now has created a perfect head and shoulders
pattern.
Head and shoulders appears at the end of trendlines, giving investors the opportunity to join the new trend.
💰 How to trade this chart pattern?
Selling when the blue line is broken is the most optimal idea.
To be sure that I do not fail, I will split my position in 2 take profits, so at least I can pay my stop loss and enter a risk-free trade.
🛡️ The risk management strategy
As we have done in so many previous ideas, remember you can split the position in 2.
- 50% of the position in a take profits, at least, as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels). In this case, a 3% TP for 2% SL.
- 50% of the position to a price as large as the previous pattern, which would mean a profit of 10% or more. This is also the previous support area and where more volume was traded, so it's just perfect for TP.
✴️ ENJOY AND FOLLOW for more 😊
RTX is offering a 10% return opportunity today, with a risk of just 2.5% in the deal. RTX experienced a strong trend during 2024, which was broken on November 14th.✅ What pattern is unfolding in
RTX?RTX has broken a yearly channel and now has created a perfect head and shoulders
pattern.
Head and shoulders appears at the end of trendlines, giving investors the opportunity to join the new trend.
💰 How to trade this chart pattern?
Selling when the blue line is broken is the most optimal idea.
To be sure that I do not fail, I will split my position in 2 take profits, so at least I can pay my stop loss and enter a risk-free trade.
🛡️ The risk management strategy
As we have done in so many previous ideas, remember you can split the position in 2.
- 50% of the position in a take profits, at least, as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels). In this case, a 3% TP for 2% SL.
- 50% of the position to a price as large as the previous pattern, which would mean a profit of 10% or more. This is also the previous support area and where more volume was traded, so it's just perfect for TP.
✴️ ENJOY AND FOLLOW for more 😊
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.