I've been watching ESTC for an entry on breakout of this pattern. If this can push above today's high, I'll be looking for an entry over $107.30 with a very tight stop below today's low. Target is back to previous high. All TBD. Ideas, not investing / trading advice.
Comment
⋅
9/17 The general market weakness is taking it's toll on ESTC here. Hopefully I have drawn a down trend line for this one. From here I'll need a strong reversal and close over the 50 day to think about an entry. All TBD
Comment
⋅
I meant to say "I hope I did not draw a downtrend line."