If we truly are breaking out of this multi month consolidation I would expect a backtest of the S/R breaker candle here. Doesn't need to be exact but im thinking punch down into the green box and then push up. Falling back below the line and the move confirms as a headfake.
Note
Well that was fast. Now lets see if we have a head fake or a breakout.Note
And there she is. Great trade. Closing the thread.Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.