Higher lows with attempts to break through the weekly resistance. I'll be looking at it pretty hard if price comes back to under the $261 area. Target is the next weekly resistance following the trend.
If the trend is invalidated (close below the previous low on the weekly) walk away.
This is sort of in play. I thought it'd pull back to the line for an entry but it did not agree and completed it's plan. However, I think there's still an opportunity here. It's making a nice trend still. Yeah it's dipped below the ascending trendline but it's still in the uptrend band. I'm waiting to see if the buyers show they're in control on the 1d / 2d timeframes (green candle with small wick up top or wick on the bottom). If that presents, i'll likely take an entry with a price target around 340. RR of 2:1. Make sure to manage your risk here cause the markets in general dont look lovely to me. I'd look at a stop around 245.
chaser012001
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I doubt this is going to pull back to my preferred entry so probably going to let it go although the candles are reading bullish on the 2d timeframe. I just dont really like it now.
However, I think there's still an opportunity here. It's making a nice trend still. Yeah it's dipped below the ascending trendline but it's still in the uptrend band. I'm waiting to see if the buyers show they're in control on the 1d / 2d timeframes (green candle with small wick up top or wick on the bottom). If that presents, i'll likely take an entry with a price target around 340. RR of 2:1. Make sure to manage your risk here cause the markets in general dont look lovely to me. I'd look at a stop around 245.