Here are some reasons as to why Im taking a long position - Trendline support (fakeout as indicated) - Inverse H/S pattern
Ill update this analysis as we go along =)
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Trade still valid for a long to 1903 as take profit target Technical perspective - M15 formed a Head & Shoulders pattern - H4 formed an inversed Head & Shoulders pattern
Fundamental perspective - Both BioNTech & Phizer reported the covid 19 Vaccine requires a cold storage facility of -80 degrees in order to keep its potency