📚DG stock is sitting at some key levels. Should price break the $193 level, it may continue higher to $205 and then $218, based on previous areas of structure (resistance turned support). However, price is still trading well below its 50, 100 and 200 day MA, so watch for the reversal down to $175.
I would worry about past liquidity points which have since been smashed through. If they've since been smashed through without price rejecting from them then they're clearly no longer areas of particular interest to the big institutions who cause the big moves. When focussing on liquidity points and on trend lines always focus on the most recent and therefore relevant piece of price action, for it's this which will give you the highest possible strike rate. ✌🏻
zvissss
⋅
@StewySongs, Thanks for your comment. I mostly agree, however its hard to ignore how strong price rejected support formed back in April/May, suggesting the $173 level, despite being 10 months old, is still very relevant!