Price has reacted to the median line. If the correction is complete and this support holds, look for new highs. The ML is important support and if Bulls continue to drive price, then the upper parallel should be breached. I will apply a new ML when pivot p4 is confirmed (the current retest on the ML)
Trade active
Monitor support at Median Line & look for new highs while the ML support holds.Trade active
Next T 48.04 while ML acts as supportTrade active
Monitor T1 48.00Note
SL 44.75 (risk free + profit)Note
T1 48.6, T2 50 (close remaining position there). Support 45.33 so SL now 45.1Note
Trade criteria still validTrade closed: stop reached
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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.