Short
Trade Me? why not
-20 Week symmetrical triangle forming
-Declining volume from triangles inception
-Current level is responding to 30EMA as resistance
-Weekly Bollinger Band squeeze
Will risk 80 basis points split into two tranches with separate targets
The closer target is a measurement of the open end of the triangle, measured from the 3.93 low. The further target is a measurement from the 5.25 congestion to the low of the triangle, measured from the 3.93 low
(Two forms of measurement outlined by Richard W. Schabacker)
-Declining volume from triangles inception
-Current level is responding to 30EMA as resistance
-Weekly Bollinger Band squeeze
Will risk 80 basis points split into two tranches with separate targets
The closer target is a measurement of the open end of the triangle, measured from the 3.93 low. The further target is a measurement from the 5.25 congestion to the low of the triangle, measured from the 3.93 low
(Two forms of measurement outlined by Richard W. Schabacker)
Note
Will wait for a level I can place a stop against
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.
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.