XOM is currently backtesting the breakout of an 'Adam & Eve' double bottom pattern. This goes along with hidden bullish divergence on both the 4h and daily timeframe.
This breakout has its price target a long way up, which is why the previous breakout high will be the first target, after which a historical support line is set as a target. The third target lies at the measured move of the double bottom pattern.
The stop loss can be put further down or slightly more up, depending on your risk tolerance.
In my opinion, this is a really strong setup, but always DYOR!
This breakout has its price target a long way up, which is why the previous breakout high will be the first target, after which a historical support line is set as a target. The third target lies at the measured move of the double bottom pattern.
The stop loss can be put further down or slightly more up, depending on your risk tolerance.
In my opinion, this is a really strong setup, but always DYOR!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.