We see a clean 1-2-3 break out of that 400 level resistance.
Been waiting for this since June. That's a 5 month consolidation period people. This thing is going to break and break big. Very bullish and very long over that 400 level. If we break down below that 400, then we are in for a longer consolidation period, but right now I am very confident about this bullish break out. Volume, RSI, trend, moving average, all bullish.
We could see this thing go really high folks,
THE PLAY: Long: over 400 Target 1: 526 (161.8% retracement of consolidation range) Target 2: 700 (200% measured move of consolidation range) Stop: Daily close under 400 (means break out is a fake out)
--
!! DM me with chart requests or questions !!
MY TRADING METHOD: I keep my analysis simple. Good analysis always is. I use Price Patterns, Moving Averages, and RSI for my analysis. I use the 1 day for trend analysis and 60 minute for trade entry For my Targets I use Fibonacci projections, measured moves, support and resistance. Successful trading means proper risk sizing and trading small so you can stay in the game.
Comment
⋅
This breakout is still intact. Looking good for the next move.