XME was a strong trend that hit resistance due to Macro economic data changes and has formed a 2 leg pullback.
Prices bounced off volume levels and sit at the pullback measured move target.
Trade is aggro due to the R/Y sideways trend and prices are below 34ema trend. However, there is a lot volume support below this level.
RAF extreme oversold indicator is also in play.
Buy on break above $53.84 to enter trade.
Target - 50% Fibonacci @ $55.50
Stop Loss - 25% Stop Loss
Options are non-existent for XME, so this would be a stock-only trade.
Prices bounced off volume levels and sit at the pullback measured move target.
Trade is aggro due to the R/Y sideways trend and prices are below 34ema trend. However, there is a lot volume support below this level.
RAF extreme oversold indicator is also in play.
Buy on break above $53.84 to enter trade.
Target - 50% Fibonacci @ $55.50
Stop Loss - 25% Stop Loss
Options are non-existent for XME, so this would be a stock-only trade.
Order cancelled
Did not take, but prices hit profit targets.
Substack - The Bandito Review
@egrajek
@egrajek
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.
Substack - The Bandito Review
@egrajek
@egrajek
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.