My Swing Trade set up, looking for a target of $48.01 w/ a $45.86 entry, w/ stop at $45.43 range
Komen:
Komen:
AD showing cup, needs handle. have to monitor the depth of the handle being created. I like it so far
Komen:
cup/handle on daily,
monitoring moving avg cross over. still need targets of 46.63/47.21 taken out
Komen:
4hr approaching apex on triangle
Komen:
triangle breakout on 4hr monitoring for continuation onto the daily
Komen:
Komen:
was waiting for the 15ema to cross spike level
Komen:
$47.21 target level hit
now needs to be taken out. Important to note the Daily 50% fib level of $47.05 was taken out
Komen:
the triangle breakout you saw on the 4hr chart, is attempting to do the same now on the daily
Komen:
4hr oil chart update, look for support to cross spike level soon
Komen:
*daily chart update* look at 2nd chart above this post and compare. Daily Triangle breakout confirmed
Komen:
potentially setting up an inverse head and shoulders if there is a retrace above the .618% fib level
Komen:
monitoring the supply zone, but the 18 ma is attempting to breakthrough the middle of the parallel channel
Komen:
sold w/ the break of $47.21, price rejected near supply zone. Looking to see if $46.63 holds