Zed BULL Setup V506 Rar [PORTABLE]
Zed BULL Setup V506 Rar
it is a triangle, with a lower horizontal bar acting as the support level. the upper horizontal bar is called the resistance level. it is considered a bullish reversal, and it indicates that the price will likely continue to go up. the resistance level can also refer to a level of support.
if the breakout occurs within a tight consolidation pattern, the market is more likely to make the next move higher. if the breakout occurs within a bullish consolidation pattern, it is more likely to make the next move lower.
in the chart below, we see that a breakout occurred on april 24th. this was the second stage of a bull pennant consolidation pattern. the last breakout occurred on the 5th of may. this is a bullish consolidation pattern. this suggests that the market could push higher.
with my scalper setup i have set a profit target of $9500 for this trade. this is quite low as i am expecting the market to close at or near to the highs in the first half of this month, and then come down further in the second half.
traders should take advantage of this kind of opportunities. you can use these setups to time a short trade in a distant market or place a stop below a breakout. the key to timing these setups is often a close below the previous day’s low. on a daily chart, you can use the previous day’s low as a level below which you can place a stop.
the chart above shows a setup that is a sub-movement of the previous, which is a bullish sign. when the breakout occurs, the price will rise 50% (according to the $0.0000321 line). this is a red bull setup.
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