Just throwing this one out there, I'm not sure if I'll take this trade yet.
Looking for an entry within the yellow eclipse, look out for reversal signals or whatever you use to confirm. - Exit around 54.20.
If it goes above the thick lighter blue trend line the trade is off.
Just opened a position here, but couldn't get this idea published quick enough. My thought process here is where the entry point is, there is a resistance line that intersects the trend line which seems reasonably strong at the moment, backed up by additional signals to confirm an entry.
I'm still working on better exits, but I have this one set on the upper...
Firstly, I'm pretty new to all of this so take with a pinch of salt
Since morning this is the 3rd buy point on the trend line it has hit. Currently it is between a supply and demand zones ~49.87 and ~49.20 (demand zone is a little rough)
I expect it to reach the supply zone that starts around 50.99 at the least.
Another potenital low risk buy point to consider...