Looks like we might breach the top of a Bull Pennant (this needs to be confirmed by making a new local high), if so we are headed to 20K.
First target and final target marked on the chart.
We will be protected on the downside both by the icould and the icloud baseline.
Caution: if the bottom is broken rather than the top, we could be in for a deeper correction, so buy at the bottom of the triangle to squeeze out a couple extra % of profit would be a really bad idea.
First target and final target marked on the chart.
We will be protected on the downside both by the icould and the icloud baseline.
Caution: if the bottom is broken rather than the top, we could be in for a deeper correction, so buy at the bottom of the triangle to squeeze out a couple extra % of profit would be a really bad idea.
Trade active
Comment:
Looks like my long target got shifted slightly. The second target should be just under 20K, not just over.
Trade closed: stop reached