IMFA formed a right angled descending broadening wedge pattern. This is a bullish pattern with bullish breakout happened three sessions earlier. Price inched higher than the breakout candle high today forming an ideal entry today with stop loss just below breakout candle low. There was high volume during breakout and prior to formation of the pattern indicating buyers are out there. Target can be the size of wider side of broadening wedge.
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Hope you liked this idea. If you like this idea please boost it or leave a comment below on what you think. Otherwise, happy trading :-).
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.