This monster looks primed to break out again. And this is an easy one if it gets going with some good .
Breakout: Around 630/650, breaking out of downtrend line of consolidation pattern
STOP: below 585, support lows of consolidation
Target 1: 800 (61.8% Fib retracement of Aug 17 - 27 decline)
Target 2: 900 (old high range)
!! PM me with any questions about my analysis !!
MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections + measured moves
Successful trading means proper risk sizing and trading small so you can stay in the game.
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