Amidst all the popping, I have been wondering... where is Verasity? Well, here we have it. Could it be a fakeout, or a legit start of a strong move? Honestly, I do like how all the classic momentum indicators broke off sharply to the upside. Also, notice the black line. Yes, the descending trendline. We just broke out! Perhaps we are going for the cloud. Let's see how the EMAs shown absorb the move.
* Not financial advice – all trade ideas are educational/entertainment only and subject to change according to market conditions.*
Trade closed: target reached
⋅
Targets hit. Congratulations if you took this mega trade. One more in the bag. Let's get it.