Channel & Tripple Bottom Trade
CBK Trading in a channel since 08/19
Breakout middle of 02/20, due to corona it came back into the channel and is now sitting at the lower channel border and will probably hit a tripple bottom (15/08/19, 09/10/19, today, tomorrow?, next bad market day?)
sitting @ lower bollinger band
sitting @ lower channel border
high volume
oversold (RSI close to a bouncing point)
Daily ma50 might cross ma200 pretty soon (for the first time since 04/18
Might open three positions on the next down day:
#1 TP @5.05
#2 TP @5.9
# let it run
SL will be the trend line which starts on 26/02/18, hits 02/05/19, 07/11/19. As soon as it breaks it this turns into a short idea
Breakout middle of 02/20, due to corona it came back into the channel and is now sitting at the lower channel border and will probably hit a tripple bottom (15/08/19, 09/10/19, today, tomorrow?, next bad market day?)
sitting @ lower bollinger band
sitting @ lower channel border
high volume
oversold (RSI close to a bouncing point)
Daily ma50 might cross ma200 pretty soon (for the first time since 04/18
Might open three positions on the next down day:
#1 TP @5.05
#2 TP @5.9
# let it run
SL will be the trend line which starts on 26/02/18, hits 02/05/19, 07/11/19. As soon as it breaks it this turns into a short idea
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.