Hey everyone,
TRB is getting ready for another energetic move! For the past day, price has been consistently rejected by strong resistance right around the area of $243. This introduced another bullish pennant formation, which we are currently working to break out of right now. Considering the volatility in the markets, I'm staying cautious here... waiting for a retest after the break to confirm a safe long entry.
I'm actually a little surprised that it held here. I initially anticipated a reversal based on the overall market, but we have been steadily trying to push up which gives some confidence. That being said.... even if it's a dime piece of a trade, always remember to be mindful of risk and to trade responsibly. It could turn around at any moment.
Entry: 243.62
TP1: 255
TP2: 280
SL: 237
TRB is getting ready for another energetic move! For the past day, price has been consistently rejected by strong resistance right around the area of $243. This introduced another bullish pennant formation, which we are currently working to break out of right now. Considering the volatility in the markets, I'm staying cautious here... waiting for a retest after the break to confirm a safe long entry.
I'm actually a little surprised that it held here. I initially anticipated a reversal based on the overall market, but we have been steadily trying to push up which gives some confidence. That being said.... even if it's a dime piece of a trade, always remember to be mindful of risk and to trade responsibly. It could turn around at any moment.
Entry: 243.62
TP1: 255
TP2: 280
SL: 237
Note
TP1 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.