As highlighted we have had a macro negative trendline break which started an uptrend and now a double bottom setup finalising
The height of both of these gives us a final target at $270
However it will pullback on the way, the dashed lines being my other take profits and the small dotted lines being areas of resistance - evident as we bounced off $161
Here we go guys, setup we posted on 28th December has activated. I was in from the breakout of the green trendline slightly lower, and bought few more around 149 as the retest didn't quite pick up my bids which were closer to 146
This setup looks great to go to crazy targets of $270 as I will outline in my next post
However, in the short term all 1HR, 4HR and 1D...
Here we can see a major double bottom forming on the weekly timeframe
For this setup, I am waiting for a retest of that kneckline at 146.20 where I will enter
Also could buy on the intial break with TP at the first resistance highlighted where I would expect the breakout to reserve, the retest, succeed and push on
Keep this one saved as could be ready to play in...