$RH: Preparing in a symmetrical triangle to breakout of pre ATH

2020년 6월 27일

You might declare this as a "cup" formation. I would regard this as a symmetrical triangle. It has already exceeded pre corona all time high but kind of sticks to it. It oscillates around it. Volume is declining and there for consolidating.
Depending on your preference you can play as a (A) pro-cyclical (momentum) trader or a (B) anti-cyclical trader.

(A) setup:

Target: $ 265 / $ 290 / $ 300
Entry: $ 260
Stop Loss: $ 251

(B) setup:

Target: $ 265 / $ 290 / $ 300
Entry: $ 250
Stop Loss: $ 246

2020년 7월 8일

노트

Trade idea is still active. Watch timeframe 15 min today (2020/07/08) as RH is building a bull flag.