Short
REALPAGE INC
NASDAQ:RP
Hi, traders!
An idea for those who understand the nature of a false breakout.
If u dont understand it - write me to learn.
What's on a chart.
We are approaching a strong level 67, reinforced by round numbers.
Instrument is trying to update the historical high.
I expect a retest at 9th bar, but I guess we can't take this level the first time.
Firstly, we've had more than 10% rolling up motion, secondly, we're going to a long retest.
I think we're gonna have to work off a false breakthrough.
For those who love the rebound model: wait to price will be fixed above the level, then, after retest from top to bottom - enter the rebound.
Hi, traders!
An idea for those who understand the nature of a false breakout.
If u dont understand it - write me to learn.
What's on a chart.
We are approaching a strong level 67, reinforced by round numbers.
Instrument is trying to update the historical high.
I expect a retest at 9th bar, but I guess we can't take this level the first time.
Firstly, we've had more than 10% rolling up motion, secondly, we're going to a long retest.
I think we're gonna have to work off a false breakthrough.
For those who love the rebound model: wait to price will be fixed above the level, then, after retest from top to bottom - enter the rebound.
Trade closed: target reached
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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.
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.