V is breaking out. Will have to wait for a pull back or some consolidation. I have found the 1.13 fib to be initial resistance but if it can get through that there's is plenty of room above. Swing trade gets negated below the box. Make sure the broader market is at your back.
Note
Here' s where I'd like to enter a long trade on V. Its broken out now I want a good price. A pull back into the box is one entry option. Another would be to wait for it to break the high. Pick your system and use it again and again.Note
Closed with inside day on 31st. Starter position on. Will add on break of recent high.Note
Still holding. Scary move below box but was bought up quickly and closed at the top of the box. It can be hard but for swings its important to try and wait for the daily close to make a decision.Note
Stopped out. Remains a bullish look above 213 so will continue to look for it to set up again.
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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.