Hi all,
In my opinion it's likely STR has finally broken its downtrend (dark green).
Inversed H&S (blue), Higher Highs and higher lows are showing.
Currently we seem to be in a symmetrical triangle (red), hoping it will break out above that.
If it does, I think it can go to the 0.382 fib. level pretty quick (936).. maybe even higher (1113 is next fib.).
Entry: You can wait for it to break the triangle, and enter just above that. You can also get in sooner, but I don't think it's smart to buy above 830 in that case.
Stop loss: below the lower orange line.
Please let me know what you guys think. I'm not too experienced so i can use good feedback:)
Good luck!
In my opinion it's likely STR has finally broken its downtrend (dark green).
Inversed H&S (blue), Higher Highs and higher lows are showing.
Currently we seem to be in a symmetrical triangle (red), hoping it will break out above that.
If it does, I think it can go to the 0.382 fib. level pretty quick (936).. maybe even higher (1113 is next fib.).
Entry: You can wait for it to break the triangle, and enter just above that. You can also get in sooner, but I don't think it's smart to buy above 830 in that case.
Stop loss: below the lower orange line.
Please let me know what you guys think. I'm not too experienced so i can use good feedback:)
Good luck!