Range opportunity

By BluePipSquad
Updated
Here's a stock trade idea. We have a perfect range here and we are looking for a bounce off the support level. It will still take a few days to a week to play out so let's wait it out and see.
Comment
Price may be ready to breakout instead of retreating to support. We will have to wait a bit longer to see.
Comment
Price is beginning to move in our direction. Hopefully it will break the weaker support level and drop down to major support
Comment
At this point we are looking for some bullish evidence as price nears support.
Trade active
I was a bit slow to update this post but hopefully you took the trade. This looks to be a winner thus far.
Trade closed manually
We don't want to stay in a trade too long that has not hit our target. Best to exit this for profit now. Close enough.
Candlestick AnalysisSupply and DemandSupport and Resistance
BluePipSquad

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