Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We are now seeing major resistance at 89.23 (Channel exit potential, horizontal swing high resistance, ) and a drop could occur at this level to push price down to 87.83 ( , horizontal swing low support). It’s important to keep an eye out on 88.48 as intermediate support.
(34,5,3) is seeing major resistance below 95% where a corresponding reaction could occur.