Well its pretty self explanatory, I entered long at the open today since price did open higher than yesterdays close. Which also formed a 'long legged doji" at ascending trendline support. If today's candle closes as a bullish engulfing candle then we will have a morning star candlestick pattern which is a bullish pattern confirming my long entry.
Trade targets are $83.50 & $86.00
Stops are around the $78.00 area.
Cheers =)
Do note that the second price target is merely an approxitmate price target. Meaning that if we get any significant bearish action at resistance that I will take profits around the $86.00 area.
Also, I did mark down intra-month HH's and HL's (Color coded Green)
Trade targets are $83.50 & $86.00
Stops are around the $78.00 area.
Cheers =)
Do note that the second price target is merely an approxitmate price target. Meaning that if we get any significant bearish action at resistance that I will take profits around the $86.00 area.
Also, I did mark down intra-month HH's and HL's (Color coded Green)