ABCAPITAL - Weekly - Breakout, Re-test & Reversal - Swing Trade
The above analysis is done purely based on price action and chart patterns.
The analysis is done on Weekly TF hence it can take couple of weeks/months to reach the target.
Trade setup (Entry, SL and Target) is shown in image itself.
Entry can be also be made based on Daily TF candles.
Safe Traders can wait for closing of candle above the reversal candle and then enter.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
The same stock was analysed couple of weeks ago on Daily TF. Do check out the analysis linked below.
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
The analysis is done on Weekly TF hence it can take couple of weeks/months to reach the target.
Trade setup (Entry, SL and Target) is shown in image itself.
Entry can be also be made based on Daily TF candles.
Safe Traders can wait for closing of candle above the reversal candle and then enter.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
The same stock was analysed couple of weeks ago on Daily TF. Do check out the analysis linked below.
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
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