Looks like it formed the right shoulder perfectly by bouncing off the .5 fib level Mabey times. I entered further into my position at 232.50 and am long. Will add. More to position if we can confirm a breakout of 242 level. This will be the breakout of falling wedge. Looks like if it breaks that confirms with either volume, candle close, or back test support hold, it can easily head back and test 250$. A break and confirmation of this is a great long. Always use risk management and stoplosses !!
Long
Long
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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.