The current sideways pattern it's forming a rectangle. We should break up or down soon. Here are a couple of trades for each case:
Trade 1:
Buy on a break over $4875
Target: $5000
Stop: $4825
Trade 2:
Buy on a break under $4750
Target: $4625
Stop: $4800
Probability for Trade 1 is a lot higher as it this is a continuation pattern.
Good Luck!
Trade 1:
Buy on a break over $4875
Target: $5000
Stop: $4825
Trade 2:
Buy on a break under $4750
Target: $4625
Stop: $4800
Probability for Trade 1 is a lot higher as it this is a continuation pattern.
Good Luck!
Note
If you haven't closed the long trade consider closing :-)
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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.