This has been in an UT since 29 Nov 2019. Probable new HL at an important SR line (26 April 2019, 23 May 2019, 13 Sept 2019). Looking for a trigger of RSI break above the trendline. For a TP, I’ll be looking for a rise to the dynamic resistance trendline. We may see a retest of the HL before the rise occurs.
Trade active
Looks like the HL was not marked correctly, and it is adjusted here. The RSI break has also formed. TP and SL adjusted.Note
Oops wrong chart – adjusted trendline.Note
Well that's the darnest thing - the first trade was rejected. I was able to get in about 5 hours later.
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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.