BUY/LONG ZONE (GREEN): $170.50 - $184.00 DO NOT TRADE/DNT ZONE (WHITE): $163.25 - $170.50 SELL/SHORT ZONE (RED): $150.25 - $163.25
Weekly: Bullish Daily: Bullish 4H: Bullish
TGT had strong bullish momentum on March 5th, we saw a slight pullback after with steady bearish structure on the 4H timeframe, and then a break back above structure to create a new bullish zone to begin looking for entries. The DNT zone is marked in the event of a breakdown of the bullish structure. The bearish trend would begin at the bottom of the overall structure of the previous bear leg.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
Price currently testing the 175.00 level, if there were a 1H close below this is where I would take partial profits.
Note
Although TGT has technically dropped back into the DNT zone and into the start of the bearish zone from this post, I would've recharted everything with the 175.00 level becoming the new top level for the DNT zone, and the 163.25 level becoming the new bottom level for the DNT zone/start of the bearish zone. Attached below is the current zones from this post and the current price update, I will rechart TGT in the future.
4H View (current post zones):
Note
4H View (updated zones after partial profits once TGT dropped back to 175.00):
Note
TGT is also at that 163.25 level so this is where I would begin to take partial profits or moving my stop near or below the 170.50 level if I were in a trade.
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