lukatrade

lukatrade

The pattern looks clear so I go long on break of a pennant with target at 5918 that is calculated from the impulse leg.

lukatrade

The support is broked and we can now short with a small stop loss in case the price go upper above the support again. If it fails the target could be near to the potential support at 23.17

lukatrade

Nice shot breaks the resistance and makes the long trade promising. Also, the long term support is close making the trade safe.