This couldn't be a more perfect setup. I have bought a 1/2 position on the breakout and will buy the other half on confirmation. I love this pattern, but be cautious as always. Many times when a setup is this clear it fails. Keep your eyes on the charts, and keep to your plan. This could be the play of the day!!
Note
Please note there are several other indicators I am looking at this is just an overall view to avoid a cluster of TA. In otherwords the big picture. I like to have several indicators tell me that we are ready to break. Trading with one or two like I see so many do is a recipe for failure. Good luck in the market today!!!Note
You must always have an exit plan in the event a trade goes bad. Failure to take a little loss leads to large losses at some point.
Note
Ok looks like we have confirmation and are ready to back up the truck. I just added to the overall position.Note
Further evidence that whales are not a factor!!!!
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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.