Impulsive move from bottom has now formed a corrective horizontal flag. Looking to buy the bottom of the corrective structure and hold for a measured move of the flag and the lows of the corrective structure that forms the all time highs.
E: 187.00 SL: 180.97 TP: 227.45
Soft stop = Daily close below 186.00
NYSE stock also has same structure and clean vol.
Long term trend resistance and Fib Resistance channel lead me to believe that CP Rail is about to take a dive.
A healthy retracement is required for long term growth to continue.
Comment your thoughts!