Falling wedge on PCBL
PCBL formed a falling wedge pattern on daily chart. Multiple support and resistance levels were tested during the formation of this pattern. Price brokeout of the resistance level today. However there was not a huge volume. Wait for price to break today's high. Also I could notice immediate resistance after today's high that needs to be broke to get confirmation. Stop loss can be had just below prior swing low with target just below all time high. This trade offers a good risk reward of 1:2.5.
Hope you like this idea, if you do like please boost this idea or leave a comment below on what you think. Otherwise, happy trading :-).
Hope you like this idea, if you do like please boost this idea or leave a comment below on what you think. Otherwise, happy trading :-).
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
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