another Qullamaggie-type trade. AZ has held up quite well during this turbulent period. the 10, 20, and 50 moving averages (not depicted) have tightened coupled with a higher low.
a breakout of the chart pattern will trigger an entry. the stop loss level is a bit more complicated. we will consider closing the trade if this pattern fails.
we concede that market conditions are not ideal for such setups, but it would not hurt to try.
a breakout of the chart pattern will trigger an entry. the stop loss level is a bit more complicated. we will consider closing the trade if this pattern fails.
we concede that market conditions are not ideal for such setups, but it would not hurt to try.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.