Confirmed, BU/LPS in Play
Another promising small cap chart showing strong technical alignment. After a healthy pullback, price has now printed a significant Higher Low (HL) right at the confluence of two major 50% retracement levels (macro and local). This zone has historically acted as a magnet for liquidity and trend continuation.
Adding to the bullish case:
We've seen a Jump Across the Creek (JAC), signaling strength
Followed by a clean Back Up / Last Point of Supply (BU/LPS), confirming the retest and potential for markup
Trade Strategy
Simple Execution Plan:
Entry: Current levels offer a solid entry opportunity
Stop Loss: Just below the BU/LPS zone. If price breaks below, reassess as this could signal a failed breakout or fakeout
Take Profit: Initial TP just below the R2 yearly pivot
Trend Management: Potential Trail stop loss beneath each new swing low to stay aligned with trend structure and maximize upside
Another promising small cap chart showing strong technical alignment. After a healthy pullback, price has now printed a significant Higher Low (HL) right at the confluence of two major 50% retracement levels (macro and local). This zone has historically acted as a magnet for liquidity and trend continuation.
Adding to the bullish case:
We've seen a Jump Across the Creek (JAC), signaling strength
Followed by a clean Back Up / Last Point of Supply (BU/LPS), confirming the retest and potential for markup
Trade Strategy
Simple Execution Plan:
Entry: Current levels offer a solid entry opportunity
Stop Loss: Just below the BU/LPS zone. If price breaks below, reassess as this could signal a failed breakout or fakeout
Take Profit: Initial TP just below the R2 yearly pivot
Trend Management: Potential Trail stop loss beneath each new swing low to stay aligned with trend structure and maximize upside
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.