Short term trade in PEL
There is a rectangular pattern breakout
Higher volume and increased ATR on breakout candle act as confirmation.
Further Support and resistance are marked by horizontal lines.
Tgt and SL are marked for a short term trade.
Higher volume and increased ATR on breakout candle act as confirmation.
Further Support and resistance are marked by horizontal lines.
Tgt and SL are marked for a short term trade.
Trade closed: target reached
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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.