To the left a 'pole' was created with a lot of consolidation. there we have a New Structure High and a .618 throwback into the market. the next swing high reached 25% of the NSH. Now, a symmetrical triangle can be seen with more consolidation above the 200sma and 50 sma with a bullish KUMO TWIST in our future with little turbulence ! Once price gets 1 tick above the 'pole' sentiment price we are in for a 1:1 ratio trade.
Comment:
NSH is an oil & gas transportation stock, I meant NEW STRUCTURE HIGH.
Comment:
Scalped at 1.3009 - profit made !
Trade closed: target reached