The week is far from being over and it is the middle of the month. So basing my trade on W and M charts are a bit premature. However, broad bullish sentiment that moved
SPX500USD
,
USOIL
,
XCUUSD
,
XAUUSD
etc. make me conclude that
ALRS
being a mining company is also moving to new highs or forming a bullish pennant.
Risk - 0,24% of my capital
TIme horizon: approx 6 months
Exit strategy: close 50% of the position at 107.6, move SL to 0 loss and wait for the pennant to confirm before adding
I will consider adding midway if there is welcoming price action.
SPX500USD
,
USOIL
,
XCUUSD
,
XAUUSD
etc. make me conclude that
ALRS
being a mining company is also moving to new highs or forming a bullish pennant. Risk - 0,24% of my capital
TIme horizon: approx 6 months
Exit strategy: close 50% of the position at 107.6, move SL to 0 loss and wait for the pennant to confirm before adding
I will consider adding midway if there is welcoming price action.
Trade fermée: ordre d’arrêt atteint:
Unless price suddenly recovers to form a reversal pattern there is no rationale to hold on to the trade.
Commentaire:
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🌏 energeiacharta.com
⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
🗃️ Extensive analysis archives
📏 Chartopedia, with examples of applying ElliottWave to real world charts