-daily time frame showing in uptrend showing strength
-intermediate time is showing symmetrical continuation pattern in uptrend..finding dynamic support on Long term MA
-volume showing positive volume pressure
-measured move shows potential to run to 59.84 which is .30 cents above previous resistance
if resistance broken-up onwards!
-looking for entry from 59.22 to 59.38 area if pullback occurs to trendline if not towards 59.50 area to play the breakout..watching price action
-will not enter if it breaks minor upward trendline
-risk reward = 3.12
-stop at 59.05/ price target 59.8x area
-intermediate time is showing symmetrical continuation pattern in uptrend..finding dynamic support on Long term MA
-volume showing positive volume pressure
-measured move shows potential to run to 59.84 which is .30 cents above previous resistance
if resistance broken-up onwards!
-looking for entry from 59.22 to 59.38 area if pullback occurs to trendline if not towards 59.50 area to play the breakout..watching price action
-will not enter if it breaks minor upward trendline
-risk reward = 3.12
-stop at 59.05/ price target 59.8x area
Comment:
looking to play aug17 60 calls to capture move...has minor slippage and some liquidity