Hey everyone,
TRB is getting ready for another energetic move! For the past day, price has been consistently rejected by strong resistance right around the area of $243. This introduced another bullish pennant formation, which we are currently working to break out of right now. Considering the volatility in the markets, I'm staying cautious here... waiting for a retest after the break to confirm a safe long entry.
I'm actually a little surprised that it held here. I initially anticipated a reversal based on the overall market, but we have been steadily trying to push up which gives some confidence. That being said.... even if it's a dime piece of a trade, always remember to be mindful of risk and to trade responsibly. It could turn around at any moment.
Entry: 243.62
TP1: 255
TP2: 280
SL: 237
TRB is getting ready for another energetic move! For the past day, price has been consistently rejected by strong resistance right around the area of $243. This introduced another bullish pennant formation, which we are currently working to break out of right now. Considering the volatility in the markets, I'm staying cautious here... waiting for a retest after the break to confirm a safe long entry.
I'm actually a little surprised that it held here. I initially anticipated a reversal based on the overall market, but we have been steadily trying to push up which gives some confidence. That being said.... even if it's a dime piece of a trade, always remember to be mindful of risk and to trade responsibly. It could turn around at any moment.
Entry: 243.62
TP1: 255
TP2: 280
SL: 237
註釋
TP1 Reached!
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。