If the range is valid then the price is due for a retracement at least to somewhere near the midpoint. If not then we get stopped out above the top in which case a breakout is likely.
Put on a trail halfway towards price target to keep the gains and to position ourselves for a re-entry at another test of the highs.
Put on a trail halfway towards price target to keep the gains and to position ourselves for a re-entry at another test of the highs.
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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.