Long

META breakout retest

Updated

breakout retest, coinciding with the daily upper Bollinger Band, may provide a good entry long.

snapshot

Trade closed: target reached

The breakout retest held the following two mornings and provided a move back into the upper daily 100 linear regression channel with wonderful reward to risk. The fourth breakout retest failed, which is typical of levels being retested multiple times. Levels tend to hold for the first few retests, but after three tests, it becomes more likely to fail.

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