Revisiting another trade setup that I posted a week ago. It has now broken the box. If you have not already entered from my original trade plan look to enter after price shows it will hold the top of the box and move up. Targets are the fib extension and risk is a close below the box. See previous post.
Note
Close back inside the box with broad market sell off. If you have not entered wait for consolidation and trigger above recent high again. If you are in it like me. Risk remains the bottom of the box.Note
Held box and bounce. Still looks good.Note
Pushing up again after holding the box. Targets remain 84 and 92.50.Note
Hit T1 at 84 then dropped. Yet another example of why you need to place limit orders at the targets. Closed above the box so still in remainder.Note
Above 1.272 and moving nicely.Note
Second target hit on the 18th.
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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.