ATOM on the daily - Option for a long?
Aug 30, 2022 6:30 PM
Hi all!
As you can see today i was analyzing the ATOM daily chart. First of all i draw a trendline from the top to the bottom and got 4 hits. Marked here in yellow. Then i added a trendline on the buttom. Yes sometimes this diagonal support was broken, but it was never closed below.
ATOM on the daily chartSo what is my idea.
- I will wait for a full body close on ATOM above the trendeline.
- Then i will enter a Long position
- TP1 , TP2 and GP are my places where i will take some profit. Why? Those are Fib levels.(marked in black)
This is my gameplan. We will see how it is. In the meanwhile. Have a wonderful time and don`t forget. This is not a financial advise, only some thoughts of a guy. Nothing more nothing less
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