PLD has been consolidating since early May and the chart is beginning to show signs of a potential breakout.
But here’s the key:
Don’t jump in too early.
Let price confirm the breakout from this consolidation range first.
I’m watching for a possible retest of the trendline support I’ve drawn, which aligns closely with the EMA 150.
If price reacts at that level, that’s where I’ll look to position myself.
Using Fibonacci Extension, my planned exit target is near the 61.8% level, a common area where price tends to slow or reverse.
But here’s the key:
Don’t jump in too early.
Let price confirm the breakout from this consolidation range first.
I’m watching for a possible retest of the trendline support I’ve drawn, which aligns closely with the EMA 150.
If price reacts at that level, that’s where I’ll look to position myself.
Using Fibonacci Extension, my planned exit target is near the 61.8% level, a common area where price tends to slow or reverse.
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