POV : FACT : Another Wave of Profit
Chart Reading:
1. Facts of FACT were in a downtrend reflected by both trend lines (High and closed based).
2. Support :
Took Support at
2.A) Previous Resistant & Breakout Zone
2.B) Fib Level 0.618
2.C) 200 SMA
3. Form neat Adam and Eve at the Bottom.
4. Closing Basis Trend Line Breach on 28th Nov.
5. High Basis Trend Line Breach on 29th Nov.
6. Huge Volume on 29th Nov. which gives me additional confirmation of breakout.
Concern :
1. Huge Range Expansion
2. Cover Almost 5 Fractals high in one candle. (although it's a bullish sign but we get stop loss gets far)
Action Plan :
Either Wait for Pullback or Go for Breakout.
Both Entry levels and targets are shared here for your educational purposes.
you have to decide which kind of trader you are.
I am attempting both: if breakout first then go with half qty and rest of add at either POA or Pullback.
Disclaimer :
For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions.
#NiVYAMi
Chart Reading:
1. Facts of FACT were in a downtrend reflected by both trend lines (High and closed based).
2. Support :
Took Support at
2.A) Previous Resistant & Breakout Zone
2.B) Fib Level 0.618
2.C) 200 SMA
3. Form neat Adam and Eve at the Bottom.
4. Closing Basis Trend Line Breach on 28th Nov.
5. High Basis Trend Line Breach on 29th Nov.
6. Huge Volume on 29th Nov. which gives me additional confirmation of breakout.
Concern :
1. Huge Range Expansion
2. Cover Almost 5 Fractals high in one candle. (although it's a bullish sign but we get stop loss gets far)
Action Plan :
Either Wait for Pullback or Go for Breakout.
Both Entry levels and targets are shared here for your educational purposes.
you have to decide which kind of trader you are.
I am attempting both: if breakout first then go with half qty and rest of add at either POA or Pullback.
Disclaimer :
For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions.
#NiVYAMi
Transaction en cours
Note
Today, 17th Dec 2024: In the morning, FACT rose around 7% from the previous close and reached the POV point. However, by the end of the day, it wiped out all gains. This marks the second rejection at the POA level, possibly delaying the path to the target.
Note
Today, 24th Dec 2024PullBack Entry also Triggered
Read my blogs here:
substack.com/@kzatakia
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substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.com/kzatakia
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Read my blogs here:
substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.com/kzatakia
substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.com/kzatakia
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.