I like the way this broke above an area of consolidation at the highs. It tapped the area twice before the breakout giving the breakout a higher probability of holding.
Would prefer and entry on a slight pull back to the .236 area. Can also go long above the box. Dotted lines are targets. Would exit on a firm close below box.
Would prefer and entry on a slight pull back to the .236 area. Can also go long above the box. Dotted lines are targets. Would exit on a firm close below box.
Comment:
Gave a beautiful entry on a pull back at about 43. Missed it myself but will watch for a break above box tomorrow.
Comment:
No trade for me. Didn't get above box. If you took this on a pullback entry I would have stops below 40. Longer term swing stop would be good below 37.50.