Cup & handle formation going on here, a pattern that works great most of the time. More than one way to read this for sure, but we are consolidating near a previous high, and price show much less resistance agains 170 now than last time. It's also a nice looking pullback and thats the pattern I'm actually trading here, and when this happens at previous highs, it often leads to great breakouts.
I'm entering when we break above the pullbacks DT-line (that's now).
This is a long term swingtrade with wide targets and stop-loss. First target at 177, but I think 186 is realistic by the end of the year.
I'm entering when we break above the pullbacks DT-line (that's now).
This is a long term swingtrade with wide targets and stop-loss. First target at 177, but I think 186 is realistic by the end of the year.