Long to 12400

Well, things look pretty bullish:

• We broke the inverse H&S line
  
• We broke the steepest downtrend line
  
• We broke daily 200EMA
  
• Daily MACD crossed up (a few days ago)
  
• Daily MACD has formed a long term bullish divergence since December
  
• RSI broke up (a few days ago)
  

I'm long.

• Entry: 8800
  
• Target 12400 (1D cloud, low volume node, horizontal resistance / previous break down point)
  
• Original stop was 8300 for a 7:1 risk/reward ratio. Now moved up to BE.
  

Comment:

Target updated to 12150 after further consideration.

Comment:

Trade still active. Waiting patiently for target.

Trade closed: stop reached:

Stopped out of my long for a good profit, but licking my wounds a bit from not having taking some profit in the 11000s.