Looking like more consolidation - repeating "steps"
The daily chart is indicating more consolidation to form a bullish pennant. Historically, this pattern has repeated in the form of repeating "steps" of consolidation and breaking out to go higher. Next is $33.94 at the 1.619 FIB extension.
Note
We saw a breakout today of the bullish pennant. Let's try to hit our next target of $34.05!
Trade closed: target reached
Target reached at 34.xx. Will assess re-entry upon pullback/correction and consolidation.Note
What a beast. We've been taking profit incrementally. What goes up, must come down eventually. Happy trading!Trade closed manually
Sold full position at $50. Will consider re-entry upon confirmation of consolidation. We have an upcoming binary ER event - will have to see how the market responds.
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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.