- big run up, now consolidating.
- forming higher lows
- strong relative to XJO/XSO recently
Options:
1. Buy on confirmation of break upper trendline (second candle closing above opening candle on 15 or 60min chart)
- stop-loss lows of the breakout day.
- sell some into strength (day 2-3) and trailing stop the rest.
Or
2. Buy on lower support line, stop loss if it closes below. sell some at upper trendline and trailing stop the rest
- forming higher lows
- strong relative to XJO/XSO recently
Options:
1. Buy on confirmation of break upper trendline (second candle closing above opening candle on 15 or 60min chart)
- stop-loss lows of the breakout day.
- sell some into strength (day 2-3) and trailing stop the rest.
Or
2. Buy on lower support line, stop loss if it closes below. sell some at upper trendline and trailing stop the rest