Broadening Top Formation - Textbook Example
L&T Finance | Short Below 128 | Stop-loss 134 | Target 105 |
Risk/Reward 1:4
It's a broadening top formation. And pretty much like what the textbook describes. Be careful because nice-looking patterns are rarely successful.
If price closes above the upper trendline before breaking 128 then the trading setup becomes invalid.
Risk/Reward 1:4
It's a broadening top formation. And pretty much like what the textbook describes. Be careful because nice-looking patterns are rarely successful.
If price closes above the upper trendline before breaking 128 then the trading setup becomes invalid.
Transaction en cours
Note
Shorted at 128 and price Made a low 120.50 today. Trailing Stop-loss from 134 to at clost 128. Target is 105Note
Note
Trailing Stop further form 128 to 123, which is a starting point of broadening top. L&T Finance Shorted at 128. Target is 105. CMP 114.50
Note
Trade fermée: cible de profit atteinte
Note
Target came quickly because of selling across the glob. 
Publications connexes
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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.