LT out of triangle

Jul 7, 2017

LT is out of triangle. I would go long with stop below 1670 with exits @ 1740 and 1760 (though we gotta watch out for trendline resistance).

Jul 7, 2017

Note

Might struggle breaking 1710 but eventually it'll reach 1740. Daily consolidation range is between 1670 and 1710 (which has been the case between April 6th and 24th as well). So once it 1710 is breached price will comfortably reach our target price.

Jul 11, 2017

Note

Now that our first target is reached I expect we'll comfortably reach our second target as well. One suggestion is we can partially liquidate and shift stops to entry price for the remaining and wait for 1760.