SKALE (SKL) Opened Long position at .13500...,
First target 100,fib
Second target 134,fib
Third target 200 - 227.2,fib
Fourth target 341,fib
On the 8H;
Using the Monthly Pivots Woodie also as resistance levels.
Currently above 20ma, 55ma, and yearly VWAP, with the 20 ma almost crossing VWAP.
Right now finding resistance at R1 pivot, a break below ma's, VWAP and (P) pivot, may find its way back down to low .0900... levels.
Will move Stop loss at every target Hit, Broke & Retested.
Close half my position at the 200,fib and wait for next buy signal to add more. According buying pressure proceeds.
Not A Financial Adviser, For Entertainment Purposes only!
First target 100,fib
Second target 134,fib
Third target 200 - 227.2,fib
Fourth target 341,fib
On the 8H;
Using the Monthly Pivots Woodie also as resistance levels.
Currently above 20ma, 55ma, and yearly VWAP, with the 20 ma almost crossing VWAP.
Right now finding resistance at R1 pivot, a break below ma's, VWAP and (P) pivot, may find its way back down to low .0900... levels.
Will move Stop loss at every target Hit, Broke & Retested.
Close half my position at the 200,fib and wait for next buy signal to add more. According buying pressure proceeds.
Not A Financial Adviser, For Entertainment Purposes only!
Trade active
On the 3 Day, finding support on VWAP and 20ma.
Finding its way to resistance at the 55ma, can it break and hold or will it get rejected like it has been recently in the past.
Happy Trading Everyone.
Trade active
Two targets reached.Trade closed: target reached
All Targets reached. I will now wait for the pull back and signal for another long entry.Happy Trading Everyone.
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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.