Long-term uptrend in this one. Had the pullback followed by a sharp push higher in October. A move like that (relative to the other pullback waves) often signals the low of the pullback is in place. Price is riding the short-term rising trendline which is one place to consider an entry.
Looking for the price to break above the short-term consolidation.
Targets and stop losses are an estimate. Use your own discretion.
Can also use ATR Stops as an exit. Wait for a daily close below line. Move stop loss up to just below the low of that day.
Looking for the price to break above the short-term consolidation.
Targets and stop losses are an estimate. Use your own discretion.
Can also use ATR Stops as an exit. Wait for a daily close below line. Move stop loss up to just below the low of that day.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/