This is the first deep PB after bull breakout from two legged PB at EMA (A2).
Although this might turn into reversal back to MA, if the set up triggers above 15.85 resistance, it's likely to close the gap at 15.97-16.00 and move a bit more up towards a strong resistance at 16.35-16.40 level
Conservative target is 16.20, stops are at 15.60
Comments
alexp
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Stopped today on this one. Didn't make it just 15 cents to the target.
charttrader
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Agreed.
charttrader
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I think 18.5 should be a realistic target after 16.5 break