💻 SE LONG 🖥️After pushing for yet another ATH @165.95 earlier this month, SE has been retracing back to the support trend line that has been holding since early May. Look for a clean break above 150.50-151 before picking up calls.
PT @158-159
Ideal PT @165-167 (ATH)
Conservative SL @145-146
Max SL @142-143
I would consider puts if SE fails to break or hold over 150.60 as I can see it pulling back to low 140's/high 130's
PT @146-146.5 then 143.5
Ideal PT @138-141.4
Conservative SL @151.80
Max SL @153.39
Trade ideas
Ready for reversal and retest of ATHAfter a failed breakout and a pullback, oversold conditions may prompt this reversal. A long-legged Doji on the daily is further indicator of this. Fib levels drawn from recent highs to lows provide support and resistance levels, additional stop loss could be set to previous day's lows or percentage based on your risk level. Ideal entry would be retest of the entry fib as it may gap up over it.






















