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
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.