Bullish engulfing after market reacts positively to Fed minutes after leaving rates unchanged but pointing towards a hike in December. Double bottom formation triggered on a break of the 2163 neckline
Buy a break of 2165
Measured move target 2210
161.8% fib extension at 2230
Stop at 2120
Buy a break of 2165
Measured move target 2210
161.8% fib extension at 2230
Stop at 2120
Note
Breakout from previous triangle is now forming a bullish flag and backs up the buying a break idea
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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.