Hourly Time Frame - IEX has been consolidating for the past few sessions and has formed Mother Candle Pattern on Hourly Time Frame with the stock trading within the Hourly candle range (782-819) formed on 13.10.2021 (9:15-10:15 AM). A total of 20 candles have formed within the mother candle till the completion of the 18.10.2021 session. A clear reduction in volumes can also be observed which implies compression.
One may initiate a long/short trade in the stock post completion of Hourly candle above/below the mother candle range respectively with an intraday target of 35-40 points movement on the side of the range violation.
Kindly consider following the account if the idea delivered value to you :)
One may initiate a long/short trade in the stock post completion of Hourly candle above/below the mother candle range respectively with an intraday target of 35-40 points movement on the side of the range violation.
Kindly consider following the account if the idea delivered value to you :)
Trade fermée: cible de profit atteinte
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.