____________________________________________ This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill, 2degreez
Comment
⋅
Comment
⋅
Comment
⋅
If CPB can continue to hold these current levels and not violate the 382 and the current regression uptrend, I would start a position at these current levels. I personally prefer this type of setup under normal market conditions.
How do you evaluate todays breakdown of Symmetrical Triangle in your projection?
UnknownUnicorn7216011
⋅
@msvvvvvvv, Thanks for the question. I do not believe a "breakdown of the Symmetrical Triangle" to be the case in this situation. CPB is still holding the pattern and the current established regression uptrend. It is also currently trying to hold the 382@47.15. I would actually change my entry projections at these levels based on the market conditions of next week.
If CPB can continue to hold these current levels and not violate the 382 and the current regression uptrend, I would start a position at these current levels, with a modified exit strategy if we have trouble breaking up and out past 51.50.