Looks like a good place to short with a tight stop at the top of the triangle...if we break out of it then the trade is invalidated. Bullish overall but think there could be some more consolidation.
Note
Target was reached and trade was closed out...when we closed below the red line I decided to go short again around $235...looking to get back in around the green rectangle.Note
Took profits at $408.5...Also previous comment was a typo...I meant that I went short again at *$435
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Disclaimer
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.