Entry area between 47.45 (minor support) and 50.40 (Cypher Point D)
Stops @ 43.60, below X Point. There is not much structured support below X unless you go really far back and the risk becomes too great, therefore $1.57 below X should be a decent, not-too-tight, stop.
Targets @ 57.73, 38.2 of CD
Falling to Point D would mean a break of the long-term bearish flag, see linked related idea.
A reversal at D could be an anticipated retracement from the breakout.
There's also a similar approach with a smaller pattern, D being much higher:
Stops @ 43.60, below X Point. There is not much structured support below X unless you go really far back and the risk becomes too great, therefore $1.57 below X should be a decent, not-too-tight, stop.
Targets @ 57.73, 38.2 of CD
Falling to Point D would mean a break of the long-term bearish flag, see linked related idea.
A reversal at D could be an anticipated retracement from the breakout.
There's also a similar approach with a smaller pattern, D being much higher:
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.