Using the Potterbox strategy, we can see that we successfully bounced off the 4HR cost basis, or median at about $505.60 and closed above the top of the box at about $507.77.
I believe that to continue to the upside, we'll have to first secure the floor above at $511.50 with a 4 hour candle close. At that point, we'll have a chance to punchback with a candle close above cost basis at about $513.84. With that, we can look to head to the upside and use $522 as a price target.
On the other hand, if we drop below the top of the box that we closed above, we could retest cost basis at about $505.60 and if we get a candle close at that end, then we can look to continue downwards towards a $497 price target.
I believe that to continue to the upside, we'll have to first secure the floor above at $511.50 with a 4 hour candle close. At that point, we'll have a chance to punchback with a candle close above cost basis at about $513.84. With that, we can look to head to the upside and use $522 as a price target.
On the other hand, if we drop below the top of the box that we closed above, we could retest cost basis at about $505.60 and if we get a candle close at that end, then we can look to continue downwards towards a $497 price target.
Nota
Following a Monday open with a gap up above $516.15, we completed the punch back and entered empty space that we used to try to get as close as possible to our $522 price target to the upside. 
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.