I like it above the tan box to extension targets above. I highlighted the 1.13/1.27 zone in red because it has been significant resistance in a lot of breakouts lately so look for a quick pop and possible drop. I have been taking quick profits in that zone to pay for my trades if price drops back down quickly and stops me out. If price can get above the red area, however, there is plenty of room above to the 1.618 and 2.24 extensions.
Note
Managed to just barely hold the box and gap up today. Like I've mentioned a few time the 113/127 resistance zone can be hard to get through. If price breaks that zone though it can really explode. If we get the move I'll be taking some off at 78 then looking to 82.Note
Stopped out. May need more time.
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.
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.