Here I am looking at a break of resistance to add a sizable position to my existing XNO holdings. We are looking at a pristine bounce off of the 1.618 retracement for this correction, with a break of downtrending resistance. This is a high conviction play based off fundamentals previously touched on, while this technical entry allows for a dollar cost averaging opportunity into the much longer term hold.
The combination of this bounce off previous support, break of resistance/neckline in this inverse H&S is an ideal technical opportunity to coincide with our fundamentals
The combination of this bounce off previous support, break of resistance/neckline in this inverse H&S is an ideal technical opportunity to coincide with our fundamentals
Trade active