Kava looks to be setting up for a breakout. Two ways to play it...
1) try to enter now keeping a stop under the support line that can be seen under the angle of the triangle (risky play as this could just start channeling although i dont think so
2) Wait until it breaks out of the pattern and get in on the retest of the resistance now turned support. Stop would be under a buy zone beneath the broken level and should be fairly tight. This is the safer way to play this pattern.
1) try to enter now keeping a stop under the support line that can be seen under the angle of the triangle (risky play as this could just start channeling although i dont think so
2) Wait until it breaks out of the pattern and get in on the retest of the resistance now turned support. Stop would be under a buy zone beneath the broken level and should be fairly tight. This is the safer way to play this pattern.
註釋
So far so good. Broke through the resistance line of the triangle. Expect it to come down to retest the resistance now support followed by a push to the target.
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