We have a rising support level and falling resistance; a breakout is going to occur in the coming weeks. This A-D pattern is how i anticipate the price will move towards a long breakout. To be safe after placing buy order at $6.18-$6.20 i would recommend setting a stop loss at the psychological support of 5.99 this will reduce risk and ensure you get a minimum of 2 risk reward ratio.
Good luck traders
- J
Good luck traders
- J