ATH (All Time High) should be taken out soon. My primary trading methods require a bit more time and information before identifying additional supports.
I would however be on the look out for a retracement soon after ATH--especially if ATH is not explosive. The way this price action seems to work is: take out a major extreme, and the associated stops--grab the liquidity to take profits--then reverse!
I would however be on the look out for a retracement soon after ATH--especially if ATH is not explosive. The way this price action seems to work is: take out a major extreme, and the associated stops--grab the liquidity to take profits--then reverse!
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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.