Wesfarmers take 2# long

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-Primary pattern is a 66 month horizontal range
-Of which as an unmet target of 57.31
-8 day pennant in which I tried the long side of has morphed into a 5 week flag with well defined boundaries
-Tight bollinger band squeeze on the daily
-An attractive R/R

30 basis points of risk planned
Nota
Big picture
syot kilat
Nota
Stop buy @ 50.51
SL @ 49.70
TP @ 57.17
Nota
Stop @ 49.76 prior days low.
Breaking out now but on open 'retail' volume. Still keeping my buy stop above July high as I need that extra conviction for this trade
Dagangan aktif
Order filled
Nota
One of my pet hates is when price plumbs my order in the morning then turns down. It is not a detractor from the setup but always makes me tense to see if price will turn up short of my stop
syot kilat
Nota
Am somewhat more at ease after today, Still dubious
syot kilat
Dagangan ditutup: hentian tercapai
I was wrong wrong wrong
FlagRectangleTrend Analysis

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