SOT Chartoff May Week 3MDA is in a great setup to make a large move. After being in distribution for 2 months now MDA has found support and is now up trending to break through its downtrend that has kept it range bound. After breaking trend this will allow MDA to start attacking higher valleys. Im looking to sell around 15500 for my first target because there's more resistance due to it being both a 4hr valley and a daily hold level. Have a stop alert at 12324 which is the hourly leg but will also look to see if it loses its uptrend which is also a sign of failure.
Chartoff
SOT May Chartoff Week 1Celer is currently being compressed between its trends and is near breakout. Its gained fractal valleys and is looking to use the momentum of breaking trend to gain the 1 hour 190 level it has struggled to hold above in order to start attacking its next valley. Im looking for this to be a quick swing trade which is why i dont have any higher time frame levels as they are not relevant.
