I can see a setup one , what would be otherwise known is the Volatility contraction or the SQUEEZE pattern, but I call it The Setup 1.
The Alligator (the three lines) are squeezed into a TIGHT Box (the grey zone, is AIMS Box Indicator).
The AO has a peak of 3 (green histogram peak) which was then followed by the squeeze.
But that was the past, Now its broke out of the box, and the way up is obviously in its way.
Buy now Target $138 (Target Zone one) wave 5.
The Alligator (the three lines) are squeezed into a TIGHT Box (the grey zone, is AIMS Box Indicator).
The AO has a peak of 3 (green histogram peak) which was then followed by the squeeze.
But that was the past, Now its broke out of the box, and the way up is obviously in its way.
Buy now Target $138 (Target Zone one) wave 5.
Trade closed: target reached
As soon as it went to first target $115 that is the levels to the left the previous highs. it dropped form there. Banked half at 115 and the rest at equal loss , so a breakeven trade.
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To get our premium tools visit: itradeaims.net
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.