I have been waiting for a while but this finally broke 12. I opened a position this morning on the high volume spike but there still plenty of time to get in. Price closed nicely above 12 after coming back to test the breakout point.
Watch for some consolidation then a break higher for and entry. Targets are the fib extensions and the measured move. You may want to keep a tight stop depending on position size as this one can spike then drop quickly. Might be better to hold a smaller position and allow it some room. See previous post.
Watch for some consolidation then a break higher for and entry. Targets are the fib extensions and the measured move. You may want to keep a tight stop depending on position size as this one can spike then drop quickly. Might be better to hold a smaller position and allow it some room. See previous post.
Note
Stopped at 11.5
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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.