IYT, the Transportation Average ETF is forming a 24 week head and shoulders bottom.
I am eyeing the 144.70 area for an entry and wait on the close above this level to ensure above the previous resistance of the neckline.
163.1 is a long term target, but most likely will be relying on my management techniques with this trade the most.
I am eyeing the 144.70 area for an entry and wait on the close above this level to ensure above the previous resistance of the neckline.
163.1 is a long term target, but most likely will be relying on my management techniques with this trade the most.
Trade active:
Cleared entry, will monitor the candle for EOD close. I'm flat this position right now because the liquidity is downright terrible.