Rectangles can extend for a few weeks or many months, and provide great trade opportunities every time the stock touches the top or bottom of the rectangle, until it finally breaks to the upside or downside.
TRV has been trading in a range (146.75 / 162.77) since February, forming a rectangle pattern. Generally, the longer the pattern, the more significant the breakout.
I will watch for a break of 162.77 and enter a long trade only if we break this level.
First target at more or less 180.
TRV has been trading in a range (146.75 / 162.77) since February, forming a rectangle pattern. Generally, the longer the pattern, the more significant the breakout.
I will watch for a break of 162.77 and enter a long trade only if we break this level.
First target at more or less 180.
Trade active:
Here is the breakout. Congrats if you're in.