HZO ... W pattern on Hourly chart

٨ مارس ٢٠٢١

8 Mar 2021

I see W pattern on hourly chart

volume registered high (see below)

if price closes above 51.60 (green line on the chart ) ,

it will go up further 5.50 dollar up .. That is the height of the W pattern

٨ مارس ٢٠٢١

ملاحظة

It is on 200 MA on hourly chart .. That means it is bullish side ..

W pattern , bottom edges are double bottom pattern ...

٨ مارس ٢٠٢١

ملاحظة

correction:

On the chart text box I said "That is the height of the W pattern"

Please read it as neck height ... which is the height from bottom edge to middle point of W

١١ مارس ٢٠٢١

أغلقت الصفقة: تم الوصول للهدف

11 Mar 2021

It reached the expected target 57$ this morning. If anyone followed the idea , close it near that price.

Pattern completed, trade closed

١١ مارس ٢٠٢١

ملاحظة