BK - longWhat I saw:
+ Sideway move within channel in the past 10 days
+ Breakout signals fired in high vol.
+ MACD turning positive
+ Weekly chart painted a NR3 & NR7 combo with higher vol.
- Upper shadows scattered whenever price reached resistance
- Next Fib resistance is at $39.5
- Overall price has been in downward trend
My entry plan:
Long above $38; Stop at low-$35; Swing trade with a target of $42.88
Order cancelled
Setup has broken down; cancelling trade.
Shake Shake Leg
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Shake Shake Leg
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.