$OPEN – Rising Three Method
OPEN – Rising Three MethodMapping my plan for OPEN. I see the candles are forming a bullish Rising Three method. Breakout of wedge, support by volume profile and EMA. Positive/neutral technicals and oscillators. Curling MACD. RSI and volume are a bit high so maybe a small pull back.
Note
Pull back to the 50 EMA - still within the range of consolidation, so a breakout still seems possible... learned that the candle pattern signal may only be valid for a day or so.Note
Finally broke out...Trade closed: target reached
First target reached... decided to hold.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.