Deep study on SID for a bullish setup.

Today we will show you our research on SID looking for statistical patterns on price historical data.

First: We have defined all the cases we want to study. In this case, ALL the corrections above the yellow horizontal line with a retracement higher or equal to -20%. Also, we have defined the duration of each of them.

스냅샷

Second: With that clear, we will check each of the bullish impulses with all the possible setups we could have taken
스냅샷
스냅샷
스냅샷

The last picture is the current situation.

What about the target?

The previous impulse reached its top really close to the Fibo Retracement. So, we will be using the same logic to define the current target. Of course, we will go a little bit lower just to be cautious.
스냅샷

Final Setup
스냅샷


The conclusion we are observing is that from a statistical perspective, Trading this structure above B (even higher) is worth the risk considering that we can have a 1:3 risk-reward ratio with a situation that has been proven successful since 2006 until now. Please comment your idea or any flaws you can find in our view. Thanks for reading!
bigcapsbrasilChart PatternsSIDsiderarStocksSupport and ResistanceTrend Analysis

또한 다음에서도:

면책사항