NOW delivered a clean bullish rally from $85 to $138, and has since retraced back to that same support base — the original breakout and support zone. Today's bullish engulfing candle at this level is a strong signal that the pullback is finding its floor.
Price is currently bumping against the daily resistance at $97, which may cause a brief pause or minor consolidation — but the structure remains intact as long as $89 holds on a daily closing basis.
The road back up is layered with clear targets:
$105 — first resistance
$117 — intermediate target
$127 — the critical zone where the daily EMA 200 will act as dynamic resistance and the real test begins
🎯 Targets: $105 → $117 → $127
🛑 Invalidation: Daily close below $89
Price is currently bumping against the daily resistance at $97, which may cause a brief pause or minor consolidation — but the structure remains intact as long as $89 holds on a daily closing basis.
The road back up is layered with clear targets:
$105 — first resistance
$117 — intermediate target
$127 — the critical zone where the daily EMA 200 will act as dynamic resistance and the real test begins
🎯 Targets: $105 → $117 → $127
🛑 Invalidation: Daily close below $89
Trade active
on the move.Note
Hits first targetNote
NOW is not disappointingTrade closed: target reached
NOW did hit TP2 . SL increased below 105, profit booked partially.Note
hitting higher targets.Note
hits 138- the final target for now. will have to watch for clean breakout of trendline for higher rallies.📊 Charts → 🏗️ Structure → 🎯 Probability =📖 Chart Story
⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 Charts → 🏗️ Structure → 🎯 Probability =📖 Chart Story
⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
