Descending Triangle on the 4hr. Supply Zone @180-190. $200 possible?
Note
***I meant to say falling wedge for that pattern, but I mean... I could have drawn out a descending triangle if I had wanted to for the initial dropdown outside of that falling wedge patternScaled some of my position out @$180
... awaiting for further targets!
Trade closed: target reached
Wicked @189.61 highTrade active
Re-entry here $184.59 on the second pullback of this breakout. Decent risk-reward here imostop-loss @177.40
bids set @172-173
Note
Bought more @183.07Note
Possible shakeout here. Teetering against $180. May fall below back to 170s. Proceeding with caution. Revised stop-loss @175 for a bit more wiggle room
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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.