DYL is shaping up for a potential bullish leg, with price action suggesting the pullback may be complete as of the week beginning 18 August, marked by a doji candle into prior resistance zone that flipped to support—classic PA behavior. Price also found support in a Low Volume Node (LVN) zone—adding confluence to the setup.
Aggressive Entry
Timing: Week beginning 25 August
Entry: Market or limit near current levels
Stop Loss: Just below the 18 August doji low
Target: Two range targets based on prior structure (can be layered or scaled)
This approach suits traders looking to front-run the breakout with tighter risk and earlier positioning.
Conservative Entry
Trigger: Wait for a clean break above the 14 July high of $1.870
Stop Loss: Below the structure that forms post-breakout
Target: Same range targets, with potential for extension if momentum builds
This method prioritizes confirmation and structure, ideal for those seeking higher conviction.
Alternative Scenario – Pullback Continuation
If price continues to retrace, it may revisit Buy Zones identified in prior modeling. This opens the door for:
Staggered entries across the zone
Higher R-multiple potential if price rebounds from deeper value
Larger position sizing with tighter invalidation
This setup favors traders with patience and capital flexibility, aiming to build a position into strength.
Aggressive Entry
Timing: Week beginning 25 August
Entry: Market or limit near current levels
Stop Loss: Just below the 18 August doji low
Target: Two range targets based on prior structure (can be layered or scaled)
This approach suits traders looking to front-run the breakout with tighter risk and earlier positioning.
Conservative Entry
Trigger: Wait for a clean break above the 14 July high of $1.870
Stop Loss: Below the structure that forms post-breakout
Target: Same range targets, with potential for extension if momentum builds
This method prioritizes confirmation and structure, ideal for those seeking higher conviction.
Alternative Scenario – Pullback Continuation
If price continues to retrace, it may revisit Buy Zones identified in prior modeling. This opens the door for:
Staggered entries across the zone
Higher R-multiple potential if price rebounds from deeper value
Larger position sizing with tighter invalidation
This setup favors traders with patience and capital flexibility, aiming to build a position into strength.
Trade active
Tp 1 hit. trail SL to protect gains Trade closed: target reached
Price got close to range 2 target. Trailing SL hit with a nice profit on the remaining position. If price can reaccumulate in this zone again reentry is viable option since the monthly uptrend is till intact. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.