Algo has tripped on this a bit ahead of the descending triangle attern completion--targetting $162.25, keeping a tight stop however as we don't have confirmation of a breakdown below the support level of 170.
Note
Moving the stop into profit after today's price action. The $162 fib level is still in play but I'd want to see $170 rejected before I had confidence in reaching that target.
Trade closed: stop reached
Days like Thursday is why we move our stops or take profits at a break even.
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.