* Comments and Likes are appreciated *
What I see...
+ Head and Shoulder pattern started forming as early as Dec
+ Found Support back in mid-March
+ Tested $100 neckline and pulled back to the .786 Fib
+ Last week, prices retested the neckline and consolidated in a side way move painting 2 NR7 bars
+ MACD is flat but in positive territory
+ RSI is at 64 after bouncing off of 50
- Prices pulled away from 10MA
- 50MA is still under the 200MA
What I setup...
+ Long above neckline
- Stop under last week's channel low
+ Target is 618 Fib
What I see...
+ Head and Shoulder pattern started forming as early as Dec
+ Found Support back in mid-March
+ Tested $100 neckline and pulled back to the .786 Fib
+ Last week, prices retested the neckline and consolidated in a side way move painting 2 NR7 bars
+ MACD is flat but in positive territory
+ RSI is at 64 after bouncing off of 50
- Prices pulled away from 10MA
- 50MA is still under the 200MA
What I setup...
+ Long above neckline
- Stop under last week's channel low
+ Target is 618 Fib
Trade active
Long entry triggered.Trade closed: stop reached
Stopped out @ Loss 0.43R
Shake Shake Leg
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.
Shake Shake Leg
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.