DOOO
flushed out the buyers from the past 3 months and has now established a definable trading range. As always, manage risk appropriately.
Trade active:
Target zone reached after broadening the price range. Stop loss set at $60.55 where price would be coming back into the range. Will let it run.
Trade active:
Top of broadening formation, entering exhaustion risk. Bonus time above here.
Trade active:
Inside 45min; moved stop loss to $61.14.
Looking to add on the range expansion of the inside 45min up >$61.63.
Will use stop of $61.14.
Looking to add on the range expansion of the inside 45min up >$61.63.
Will use stop of $61.14.
Trade closed: stop reached:
Old trade stopped out. New trade of upside range expansion has not triggered.
Trade active:
Range expansion. New trade engaged.
Comment:
Letting the current trade ride as long as price stays above the previous range it just completed.