Eyes on this one.
Broke above 230 which was a strong resistance (we caught this one)
Now price can come back to retest it, and it is forming a nice flag
If 230 retests and holds, we can try to go long there with a tight stop loss at 229, or we can just wait for the break of the flag/pennant.
This is my favorite setup currently.
Broke above 230 which was a strong resistance (we caught this one)
Now price can come back to retest it, and it is forming a nice flag
If 230 retests and holds, we can try to go long there with a tight stop loss at 229, or we can just wait for the break of the flag/pennant.
This is my favorite setup currently.
Trade closed: target reached