This trade I'm looking for a possible reversion to mean on oversold conditions. The first target for this trade is the unfilled gap. The second target would be the median line of this projected channel and the third target for this swing trade will eventually be the top of this channel I have placed flags the mark those last two target and a yellow circle to market the first target. I like the risk reward at these levels and I highlighted an important support range which I will be using as the stop for this trade.
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.