The main trend is still long. The long trendline and the yearly pivot point may support the price to long direction. Also RSI shows divergence. In case of supportive general market conditions, it could easily be a good trade. Entry: around 332. TP is the gap's upper level. Stop loss ATR x 2. R/R 4:1
Kommentar:
Stop loss can be modified to 348 $, right below the last relative low.
Kommentar:
Also a reversed head & shoulders pattern has just activated, which supports the trade.