Appears to be trying to break up from a rectangle..A rectangle is a horizontal consolidation zone (HCZ) but can break up or down.
Long entry level would be the top trendline or 187.45 with an uptrend. This would be a rectangle top I suppose. EDU broke up and out but appears to have been pulled back in to the rectangle..for now..The top trendline is resistance and bottom one is support for now..
Targets listed for a break up from this pattern and if it breaks down from this pattern..Long when price breaks upper trendline which would become support. A break of the bottom trendline would be a probable short position. Some swing trade inside this pattern. Good to have at least 5 touches to confirm the pattern, 2 to one trendline and 3 to the other trendline.
MR (mid rectangle is a possible stop.
Earnings in April..
Not a recommendation
Long entry level would be the top trendline or 187.45 with an uptrend. This would be a rectangle top I suppose. EDU broke up and out but appears to have been pulled back in to the rectangle..for now..The top trendline is resistance and bottom one is support for now..
Targets listed for a break up from this pattern and if it breaks down from this pattern..Long when price breaks upper trendline which would become support. A break of the bottom trendline would be a probable short position. Some swing trade inside this pattern. Good to have at least 5 touches to confirm the pattern, 2 to one trendline and 3 to the other trendline.
MR (mid rectangle is a possible stop.
Earnings in April..
Not a recommendation