BURGERKING - Bullish H&S pattern + Retest structure - Swing
The above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
Entry can be either above the high the reversal candle or on small pullbacks to the retest levels
Set-up fails below the low of Right shoulder. Risk taking traders can put their SL below the reversal candle as well.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
Entry can be either above the high the reversal candle or on small pullbacks to the retest levels
Set-up fails below the low of Right shoulder. Risk taking traders can put their SL below the reversal candle as well.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
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