Our Stock of the Day / WMT

Today we have a Long setup to share. Here you will have a full explanation of it

a) The price is above the ascending trendline

b) Currently we have a corrective structure supported on the ascending trendline. We can see a clear compression.

c) Based on those items we will take a long setup with all the parameters as you can see on the chart

d) Our Break-even level will be the first Fibonacci extension

e) We will risk 1% of our Capital on this setup

f) We will cancel the setup if the price goes below the structure

g) Remember: Trade safe, protect your capital, and always understand what you are doing
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Penafian