Updated
ELNK Long rally in store? Decision time.
ELNK is sitting at important resistance, which will likely decide if it rallies heavily in the coming month, or slumps back down. It broke strong trendline resistance, yet could form a double top where it stands if it fails to break the 8.90 level.
Fail- Heading to 8.30's
Break- Target 1: 9.10 Target 2: 9.50+
Fail- Heading to 8.30's
Break- Target 1: 9.10 Target 2: 9.50+
Trade closed manually
Looks like price hit both my fail and break targets, as it first fell back tor retest, and then promptly turned around to target on the long side.
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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.