For once, I come with a review on a trade I didn't published but somehow I kept the original chart link.
The goal is to show you, how with very few indicator and high level chart we can set a great profitable trade.
Early April (the 2nd) I've been long on the stock with this simple chart drawed. Needless to say, it doesn't need a lot of explanation.
In logical order:
- Double bottom at $37
- Break of bearish resistance (black)
- Followed by a pullback on $40 key level
- And very nice rounding RSI bottomish setup.
Very often, the simpler the better !
The goal is to show you, how with very few indicator and high level chart we can set a great profitable trade.
Early April (the 2nd) I've been long on the stock with this simple chart drawed. Needless to say, it doesn't need a lot of explanation.
In logical order:
- Double bottom at $37
- Break of bearish resistance (black)
- Followed by a pullback on $40 key level
- And very nice rounding RSI bottomish setup.
Very often, the simpler the better !