YELP
Yelp's all major timeframes are tempting:
Yelp's all major timeframes are tempting:
- weekly: it has recently broken long-term resistance. Now it is being tested. If it holds, there is a potential to go much higher.
- daily: holds support at around 39.70. Great volume pattern - a pullback on declining volume.
- 15m: the volatility is contracting, accumulating energy for the next move. The price sits right on VWAPs from recent highs and lows.
Trade active:
entry price triggered
Comment:
moved the stop below high lower - that is today's first candle (5min) low.
Trade closed: stop reached:
stopped out, took 0.25R loss