As price started to show weakness I think the bull momentum might be comming to an end. We have a MACD Divergence, AB=CD completion, 1.414 extention and an even number right at the 77 area. An agressive approach will be entry at 77 with a stop above the previous high. For the conservative onces, wait untill a break out of the yellow chanel.
Trade active:
Target 1 reached overnight. Stop is now at break even.
Comment:
Stop is now at 75. I will trail this one untill it stops me out :)
Trade closed: target reached:
Now that we are on the other side of the chanel I will look for a buy setup. We already have some divergence giving me a signal, now I just have to wait for a good entry.