Franco-Nevada Corporation
Long
Updated

FNV to new ATH

53
FNV looks good for a break to new ATH. We had that nice long 3 year distribution like schematic, we broke down, got lots of people short, re-accumulated long stops at all those consolidation lows and have had multiple clear breaks to the upside. People interpreting the schematic as a distribution, are gonna be shorting every supply zone between here and ATH's. That coupled with the stops that have already built up above the highs will create the clouds of liquidity that will fuel these uptrends

Look at the fractal re-accumulation that occured once we started breaking back up to the topside.
Sure looks familiar
Trade active
I did get stopped out on half of position, which Ill generally do half on the breakout and half at the breakout day close, so I never picked up the whole position. Price has Re-Accumulated and popped back up giving us an opportunity for another trade with tighter risk. 2 strikes im out, so lets hope they buyers actually come in and throw some money behind the move. Good luck everyone
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Trade is active, full position acquired
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Money came in, New ATHs inbound. I was honestly considering cutting it early because of the general state of the market last week but I decided to give it to friday. Major relative strength. This thing could have some serious legs beyond ATH

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