Expecting a 15% movement on BLK

Today, we will share a bullish perspective we have on Black Rock

- The main structure we are observing is an ascending channel

- Inside the ascending channel, we can see a flag pattern above a support zone

- We saw a breakout of the Flag pattern and a secondary corrective structure above it

- Now, we are waiting for a breakout above the green line to confirm the expected movement

- If that happens, we will trade towards the higher trendline of the ascending channel

- Our Stop loss will be located below the support zone

- The resolution of this setup can last 30 to 45 days

- The risk we will take is 1% of our Capital

- The risk-reward ratio we are looking for is 1.5



Thanks for reading!