Description
⋅ Possible Wedge Breakout Candidate (NEEDS MARKET HELP IMO)
- 30Min MACD crossing over
- 50D Crossing over 200D (Golden Cross)
- Trying to break 38 level and top trendline
Entry: 38 & Confirmation above trendline
Price Target: 39-41.5
With no market help and a red day/s, look for:
- Rejection off 38 level/Top Trendline
- 50D Crossing under 200D (Death Cross)
- Breaking of 200D/36 Support
Entry: 37.16 Support after 38 rejection
Price Target: 34.50 Support/Bottom Trendline
Trade active
⋅ Holding for as long as support at 37.16 holds. Entered early due to strong rejection off 38
Trade closed: stop reached
⋅ Stopped out at 37.25