Refex has completed three contractions, all within the 25% range. It seems to have started to move up from its tight range.
The volumes need to be encouraging and higher to be able to decisively cross above 142.40. Entry levels, risk, and targets shown for my journaling purpose.
Trade active
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Todays move tested the breakout level and reacted nicely from 142. Continuing to hold and today added @ 142.55. Will be interesting to see what happens at @ 161.90 level. Will it blast through or get resisted ? Today's price action shows higher probability of crossing the hurdle @ 162.