looks like we have a double bottom with a respect to the 200 MA. I will be aiming for just under the 143 area. This could be a buying opportunity for a longer term trade than what im posting.
I still have a feeling that we need to move down a little bit more before the continuation up, but only time will tell.
Comments
Saoldric
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i took 3/4 position off at 143.81 because i disliked the lackluster momentum on the breakout.
Saoldric
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forgot to insert chart rather than just a link.
Saoldric
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a triangle has been developing on this trade so im leaving the trade on and adding a secondary TP but leaving the SL the same.