1. very strong upward movement 2. consolidation in the form of a pennant 3. breakout out of the chart formation 4. Rising volume at the breakout of the trend line.
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Normally, the trade would have been closed at the SL. I only ever set a virtual SL and only close when the daily closing price is below my virtual SL. This would be the case here. However, I still let the trade run because I see the overall market as too exaggerated.
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the support line at € 100 was sustainably broken downwards. You can close with a loss of about 18%. Depends on which broker you use. However, I will let the position run because I think the company is strong with good key figures.
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