SUMMIT MATERIALS INC
Updated
SUMHi traders.
Some good paper for you for Monday's intraday trading.
What's on the chart:
1. A strong historical level formed on January 22, 2018, you can see it on the senior TF W
2. we approached the level with a big bar, the move is over 3%
Scenario:
Sell on a breakdown of the 34.06 level
Important: friends, trading on the false breakout model with two bars requires at least a basic knowledge of trading. I strongly recommend to always use protective stop orders this will save your deposit from uncontrolled risks.
Trade closed: target reached
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