Frontier (FRONT)

On the above 2-day chart price action has corrected over 60% since the 200% move in September (idea attached). A number of reasons now exist to consider a long position. They include:

1) Price action and RSI resistance breakouts.

2) Price action backtest on past resistance confirms support.

3) Volume. Money Flow resistance breakout. I don’t know why, but more money is flowing in than out.

4) The pennant formation, a reliable chart pattern on confirmation. Price action forecast is determined from taking the flagpole extension to the breakpoint.

Is it possible price action falls further? Sure.
Is it probable? No

Type: Trade
Risk: <=6%
Timeframe for long: Don’t know.
Return: 200%

Giao dịch đang hoạt động:

Train is departing from Platform $$

Giao dịch đang hoạt động:

Who FOMO'd in at 50 cents to eat a 30% correction? Whomever it was, I'm guessing a long position is the last thing on their minds right now.


10hr - almost too easy.

Bình luận:

Think a large move is about to print. Can't say exactly why, just a hunch.
Must ask below for updates, not trading this.
Ww

Bình luận:

Large move confirmed as per last update.
Anyone know how it was forecast?

Giao dịch đang hoạt động

Bình luận:

700%

Bình luận:

150% since the long signal in mid-April