SKL break-out
Updated
On 1D TF, SKL has been in a falling wedge since almost two months (see screenshot below). Today, it broke out the wedge.
On higher time frame (1W), a bullish divergence can be seen: OBV and MFI increasing, CMF having broken its trendline. Moreover, an inverted hammer re-inforces a potential reversal (cf. the below screenshot).
The proposed setup is in chart with take-profits (dashed black lines) and stoploss (dashed red line).
On higher time frame (1W), a bullish divergence can be seen: OBV and MFI increasing, CMF having broken its trendline. Moreover, an inverted hammer re-inforces a potential reversal (cf. the below screenshot).
The proposed setup is in chart with take-profits (dashed black lines) and stoploss (dashed red line).
Trade active
SKL has jumped 10% from this post and on the way to TP1Note
SKL still continues to go up (slowly) after breaking out the falling wedge.
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