ELF Stock
-Weekly 26 EMA visit with a confirmative bullish movement.
Long positions preferred.
-15m sideways movement with a false breakout leading to a big bull leg. In order for the health of the trend to be validated we expect a profit taking action leading close to the zone.
Entry after a pullback stalling on the zone followed by a strong bull candle/pattern.
Stop loss below the lowest point of this pullback.
Target on the next negotiation area.
The trade provided is indicative of the process that must be followed.
Long positions preferred.
-15m sideways movement with a false breakout leading to a big bull leg. In order for the health of the trend to be validated we expect a profit taking action leading close to the zone.
Entry after a pullback stalling on the zone followed by a strong bull candle/pattern.
Stop loss below the lowest point of this pullback.
Target on the next negotiation area.
The trade provided is indicative of the process that must be followed.
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