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Market trading in a tight range

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Support and resistance levels have been defined and market is holding slightly higher lows and higher highs. For now, however, it's just sideways action. I'm already long at $266 with stops just below at $264, so this is a good R/R trade. If and when that resistance breaks, I believe it will just be a matter of catching the pullbacks, but the overall trend will be up.

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MoonTrader
Also on:
consolidationDouble BottommarketParallel ChannelsupportSupport and Resistancetrend

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consolidationDouble BottommarketParallel ChannelsupportSupport and Resistancetrend
MoonTrader
Also on:

Related publications

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.