This trade is a based on a daily pull back which means the Stochastic RSI is below 20 and price breaks out of the range of bars
What I like:
* Pullback was into a support area
* Pullback area had a nice range/congestion of bars showing some consolidation
* RSI on 2hr showing a change in momentum
* 2hr showing a squeeze prior to breakout confirming cosolidation
What I don't like
* It is in a downtrend on the lower time charts (daily, 2hr): Lower lows, and lower highs.
R: $100
E: 15.90
S: 14.15
T1: 19.40
T2 ( near ATH ): 21.10 - or a breach of previous low pivots
What I like:
* Pullback was into a support area
* Pullback area had a nice range/congestion of bars showing some consolidation
* RSI on 2hr showing a change in momentum
* 2hr showing a squeeze prior to breakout confirming cosolidation
What I don't like
* It is in a downtrend on the lower time charts (daily, 2hr): Lower lows, and lower highs.
R: $100
E: 15.90
S: 14.15
T1: 19.40
T2 ( near ATH ): 21.10 - or a breach of previous low pivots