Not trading it necessarily, just watching all possibilities.
Comment:
Watching for something like this currently.
Watching for something like this currently.
Trade closed: target reached:
Took profit here, will likely go higher but i'm not concerned on sniping the top since there will be plenty more opportunities. I would rather lock in profit after such a large move with no correction.
Not shorting for the second target yet until I see decreased momentum and/or possible distribution.
Not shorting for the second target yet until I see decreased momentum and/or possible distribution.
LTF doesn't look nukey yet but I will have more confidence in reaching target 1 if we get a volume spike soon.
Technicalities say this is a bullish breakout however always plan for the other side also, in this case since it's low volume if we stall here for too long i'd assume a fakeout.