Yelp's all major timeframes are tempting:
- weekly: it has recently broken long-term resistance. Now it is being tested. If it holds, there is a potential to go much higher.
- daily: holds support at around 39.70. Great volume pattern - a pullback on declining volume.
- 15m: the volatility is contracting, accumulating energy for the next move. The price sits right on VWAPs from recent highs and lows.
Trade active
entry price triggeredNote
moved the stop below high lower - that is today's first candle (5min) low.Trade closed: stop reached
stopped out, took 0.25R lossDisclaimer
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.