Little ascending triangle attempting to form. It appears to have had 2 touches forming the top line and coming back to validate the support incline. I'd wait to see candles represent something bullish before entering here. If an entry here is taken, plan to close out your risk at the resistance line as a breakthrough is not likely on this run up in my opinion. This is given the strength of the sellers here. I think it has another push and rejection to go with the safer entry on the 3rd incline support validation. If entering on the 3rd test of the incline (safer play), the target would be the next weekly resistance area. Even safer, wait to enter if it breaks out and retests the resistance now turned support (safest play)...target is still the weekly resistance.
That was funsies. I took an entry on the open of the bull candle (244.75). the day after i posted this. Created a closing order front loading my target a little at 268 even. It closed out the following week netting a profit of 9% on the position. I'm looking for another entry around 251.