Estimated entry range: $172.5-171.75
Invalidation level: $161.3
Estimated Take Profit Range: $189.9-195.3
Ascending Triangle formation. Price slowly suppressing the resistance on the 4H chart.
Test of support level after breakout will trigger a Long signal.
Volume keeps rising and our previous note about distribution takes place.
More likely 4H Supply will reject the price immediately.
Invalidation level: $161.3
Estimated Take Profit Range: $189.9-195.3
Ascending Triangle formation. Price slowly suppressing the resistance on the 4H chart.
Test of support level after breakout will trigger a Long signal.
Volume keeps rising and our previous note about distribution takes place.
More likely 4H Supply will reject the price immediately.
Trade closed manually:
Closed manually in profit in Free Channel.