Social Media - stuck in a range
This ETF that tracks the evolution of social media companies is stuck in a range, and a range always offers possible trades.
The range is visible on the weekly chart. I would have liked to see a a false breakout above the ceiling, so I will have a soft stop above it, offering this trade enough wiggle room. The Force Index is oversold,
On the daily chart, price has gone almost parabolic. Because of Brexit, a abandoned baby formation emerged.
I am looking for the lower side of this range, with a soft stop above its ceiling.
The range is visible on the weekly chart. I would have liked to see a a false breakout above the ceiling, so I will have a soft stop above it, offering this trade enough wiggle room. The Force Index is oversold,
On the daily chart, price has gone almost parabolic. Because of Brexit, a abandoned baby formation emerged.
I am looking for the lower side of this range, with a soft stop above its ceiling.
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