Technical analysis by Rex_yang about Symbol FIL: Buy recommendation (7/23/2023)

On the day chart has a potental head and shoulder pattern And we need to find a good time to set up our position On 4 hour chart there is a apotential double bottom If it break out (4.742) and stand firm SL at 4.172 We can get more 5% profit than waiting for H&S pattern complete and we can set TP 1(5.00) Back to day chart If 1(5.00) be breakout and TP as below TP1:5.626 TP2:5.879 TP3:6.421 TP4:7.300On the 1h chart We got the long opportunity of Vegas tunnel! SL:4.301 TP:5 The R/R ratio is 3.3The Vegas tunnel plan hit the SL Let's wait for wedge breakout