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Seems like a good opportunity to buy the break out. Wait for the price to close above and stay above the support.
EP: 2940 (if price breaks 2935)
TP: 3010-3015
EP: 2940 (if price breaks 2935)
TP: 3010-3015
Comment:
*Edit: Inverse Head and Shoulder
Order cancelled:
Price didnt breakthrough the neckline. Trading was cancelled.
Comments
There's a deeper head and shoulders on the RSI . Plus there is lacking volume for a breakout out of this inverse head and shoulders.
Reply
@allenbrubaker, yup, you are right, thats why i mentioned about buying only after the breakout is convincing enough.
Reply
