Long

$OPEN – Rising Three Method

Updated

– Rising Three Method

Mapping my plan for OPEN. I see the candles are forming a bullish Rising Three method. Breakout of wedge, support by volume profile and EMA. Positive/neutral technicals and oscillators. Curling MACD. RSI and volume are a bit high so maybe a small pull back.

Note

Pull back to the 50 EMA - still within the range of consolidation, so a breakout still seems possible... learned that the candle pattern signal may only be valid for a day or so.

Note

Finally broke out...

Trade closed: target reached

First target reached... decided to hold.

jonwayne02

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