I'm a few days early on watching this setup for a potential "up or down" breakout but I will be keeping an eye it to see how it plays out. I am looking for a Bullish breakout at the top wedge line. Buying as soon as it goes above the top wedge line.
1st Profit Target = $428.50
Buy to open = $415, depending on where the top wedge lines price is at the breakout time.
Stop Loss set on the swing low of the previous few bars.
1st Profit Target = $428.50
Buy to open = $415, depending on where the top wedge lines price is at the breakout time.
Stop Loss set on the swing low of the previous few bars.
Note
Wedge pattern still valid and acting as expected today. still no entry yet but maybe in a couple days. let me know if you have any questions about when that might be and what is might look like.Trade active
I've been watching this triangle pattern for over a week now and the price has been respecting it to a T. Today the price broke out of the triangle supported by Volume and a nice bullish candle. I will buy to open the position as long as I see some good volume in buying pressure
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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.