STRUSD is in an uptrend previously reached its 3rd progression. Until now it retraced 50% since the last top and reached both a valid horizontal resistance zone and the ascending blue trendline.
The idea is to buy a breakout over both the descending orange trendline of the consolidation since the last top and the green line, especially if this coincides with a significant increase in volume.
A stoploss should be applied unter the red line. If the weekly uptrend continues a new high should eventually be reached.
The idea is to buy a breakout over both the descending orange trendline of the consolidation since the last top and the green line, especially if this coincides with a significant increase in volume.
A stoploss should be applied unter the red line. If the weekly uptrend continues a new high should eventually be reached.