ADA Head & Shoulder bounce off pivot point to confluence targets
Updated
ADA Head & Shoulder bounce off pivot point to confluence targets. We got the 4 hr green dot confirmed so momentum is to the up side. Nice head & shoulder pattern here and a breakout to the up side lines up perfectly with the measured move and R1/R2 levels.
Trade active
Trade played out pretty much exactly as I predicted it. That was great! =)Trade closed: target reached
TP 1 and TP2 taken and 90% of the trade is closed. Letting the rest ride and looking for a pullback to re-enter.Note
I re-entered at $1.07 R1 re-touch
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