Price Target: B - D line (Approx $73)
Stop: Below the A - C - E line (Approx $42)
"Key aspects of the Broadening Bottom Pattern:
Points A, C and E should all be successively lower. That is to say, point C should be lower than point A, and point E should be lower than point C.
Point D should be higher than point B.
After the final decline (marked by point E) look for price to rise significantly.
It may be a good idea to wait for price to rise below resistance created by the BD Line for conformation."
tradingview.com/wiki/Broadening_Tops_and_Bottoms
An Example of Broadening Bottom Pattern on AMD graph:
thepatternsite.com/images/BroadeningGood.JPG
Stop: Below the A - C - E line (Approx $42)
"Key aspects of the Broadening Bottom Pattern:
Points A, C and E should all be successively lower. That is to say, point C should be lower than point A, and point E should be lower than point C.
Point D should be higher than point B.
After the final decline (marked by point E) look for price to rise significantly.
It may be a good idea to wait for price to rise below resistance created by the BD Line for conformation."
tradingview.com/wiki/Broadening_Tops_and_Bottoms
An Example of Broadening Bottom Pattern on AMD graph:
thepatternsite.com/images/BroadeningGood.JPG
Not
By the way, it will be hard to pass the resistance line at $75. We can see another decline from there. $55 (Target A) can be the next low after the bounce. I pointed it as the Target G, on the updated screenshot.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.
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.