LOCKHEED MARTIN - Increased Probability of Appreciation
LMT appreciated strongly, moving away from the projected FiboClouds support within the H3 to Weekly timeframe.
This separation, observed on the Weekly chart, suggests the possibility of a correction of 2/3 of the elephant bar, indicating a better buying opportunity in the 493.00 region.
Despite the increased probability, entering at the top of the Elephant Bar is ruled out, as finding a suitable stop-loss point is not feasible within the proposed Risk Management for the trade.
If this projection is confirmed and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was opened.
In this way, the journey towards the final target will proceed with reduced risk of losses and the preservation of partial gains achieved so far.
Follow us to receive notifications of new trades, as well as frequent updates on ongoing trades.
Finally, if you agree with the idea or found it useful, please give it a BOOST so that it can reach a larger number of people!
This separation, observed on the Weekly chart, suggests the possibility of a correction of 2/3 of the elephant bar, indicating a better buying opportunity in the 493.00 region.
Despite the increased probability, entering at the top of the Elephant Bar is ruled out, as finding a suitable stop-loss point is not feasible within the proposed Risk Management for the trade.
If this projection is confirmed and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was opened.
In this way, the journey towards the final target will proceed with reduced risk of losses and the preservation of partial gains achieved so far.
Follow us to receive notifications of new trades, as well as frequent updates on ongoing trades.
Finally, if you agree with the idea or found it useful, please give it a BOOST so that it can reach a larger number of people!
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