Weekly Chart :
After 2.5 Years of Solid and Technical Bullish trend
EXPI
got into Consolidation in form of Rectangle Pattern.
Note the free range between each Top and the Bottom which follow that top - Strong Momentum.
Note the Clear defined Recatngle Boundaries.
Note the attempts to Attack The Resistance level of the Rectangle, Compare to the Attemps to hit The Support level - 5 Points for the Buyers, 2 Points for the Sellers.
Note the Mid bottom which failed to reach the Support - Weaknes of Sellers.
In Technical Anaylsis Theory, Rectangle Formation have a probability of 75% to continue the previous trend.
The Trading Plan:
Trade 1 - LONG : 11.8 To 19.5:
Wait for a Clear Minor Long Signal on 11.8 Level
1. Strong Daily Buying Candle.
2. Retest of 11.8 and buying Candle confirmation.
3. New Bottom Bellow 11.8 and then strong penetration of 11.8.
Trade 2 - LONG :6.66 To 19.5
If the rectangle Pattern will stay active, and the price will go to check the support level (6.66),
We will Initiate the trade from there - Less Likly to happen.
If so, The same Signal term applied on 6.66 Level.
After 2.5 Years of Solid and Technical Bullish trend
EXPI
got into Consolidation in form of Rectangle Pattern. Note the free range between each Top and the Bottom which follow that top - Strong Momentum.
Note the Clear defined Recatngle Boundaries.
Note the attempts to Attack The Resistance level of the Rectangle, Compare to the Attemps to hit The Support level - 5 Points for the Buyers, 2 Points for the Sellers.
Note the Mid bottom which failed to reach the Support - Weaknes of Sellers.
In Technical Anaylsis Theory, Rectangle Formation have a probability of 75% to continue the previous trend.
The Trading Plan:
Trade 1 - LONG : 11.8 To 19.5:
Wait for a Clear Minor Long Signal on 11.8 Level
1. Strong Daily Buying Candle.
2. Retest of 11.8 and buying Candle confirmation.
3. New Bottom Bellow 11.8 and then strong penetration of 11.8.
Trade 2 - LONG :6.66 To 19.5
If the rectangle Pattern will stay active, and the price will go to check the support level (6.66),
We will Initiate the trade from there - Less Likly to happen.
If so, The same Signal term applied on 6.66 Level.
Trade active:
Scenario #1 is on.
Took the trade on 13.23.
Still aiming for 19.60.
Took the trade on 13.23.
Still aiming for 19.60.