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!
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免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。