TRIPLE CONFLUENCE - GREAT POSITIONAL AND SWING SETUPHi Friends and Fellow Traders,
MUST WATCH stock.
Price Trading at 61.8% Fib Retracement
Price at long term resistance turned support zone (daily and weekly timeframe)
Price right at the UP trendline support
TRIPLE CONFLUENCE OR A COINCIDENCE ???
DEFINITE LONG ON CLOSING BASIS ABOVE 214. THIS WOULD CONFIRM PRICE ACTION AND SUBSTANTIATE THE REVERSAL OF THE SHORT TERM DOWNTREND
LET ME KNOW IF YOU HAVE TRADED THIS IDEA IN COMMENTS
Long