ALGO LONG - Consolidating before 2.2 retest
ALGO LONG
Entered in the white box when body of daily candle closed above red dotted line (down trend line) to confirm a possible uptrend
Target is 2.2 (green line which is the previous rejection point before all time highs) but rejected at 2.1 twice.
Where we are now
ALGO showing strong support at 1.7 and is currently consolidating before next run. Need a closed daily candle above 2.0 before we are out of this consolidation zone (purple box)
mrnicegvy
Entered in the white box when body of daily candle closed above red dotted line (down trend line) to confirm a possible uptrend
Target is 2.2 (green line which is the previous rejection point before all time highs) but rejected at 2.1 twice.
Where we are now
ALGO showing strong support at 1.7 and is currently consolidating before next run. Need a closed daily candle above 2.0 before we are out of this consolidation zone (purple box)
mrnicegvy
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