2. Indicator Analysis (daily) 100SMA daily strong S&R , weekly closure above May go back to Trading Range Stoch at mid range signaling neither side are winning (Neutral) MACD at neutral level - unlikely for breakout (Neutral) Volume is decent , not super high (Neutral)
3. Chart pattern analysis Trading range triple bottom (bearish to bullish reversal) and last rejection from 2.68
4. Candlestick analysis Not available awaiting for reversal ( probably a morning star ) or a bearish engulfing for breakout
Trading Plan 1. Trade the Trading Range since its been from 2013 Entry: wait for a re-test of 100daily sma and a weekly candle close above it.. this would require a reversal pattern on daily candle SL: weekly close below 2.68 TP(1):2.97 TP(2): 3.29 TP(3): 3.8