Very clean and simple setup.
We have a range from 70 to 145. Every time price has established base around 67-70 region it has tapped into 145 region, and good thing is the up moves from 70 region are very quick and sharp (refer highlighted region with green rectangles). Another confluence we have is a weekly TL.
This is a very good risk reward setup, just wait for the stock to show its hand first!
Watch out for action around 67-70 region!
We have a range from 70 to 145. Every time price has established base around 67-70 region it has tapped into 145 region, and good thing is the up moves from 70 region are very quick and sharp (refer highlighted region with green rectangles). Another confluence we have is a weekly TL.
This is a very good risk reward setup, just wait for the stock to show its hand first!
Watch out for action around 67-70 region!