Panjang

EMH 4 hour equilibrium

477
After a huge run up, EMH has consolidated in a very healthy manner on the daily time frame forming a 4 hour equilibrium. Last lower high is 4.54. Entry at 4.55 with a stop below 4.37 or 4.28 more loosely. Measured move is 6.71, but first resistance will be the last daily lower high at 4.97. Even with just 4.97 as a target, R/R is 2/1 for this play. If it starts to play out, can take profit along the way, or move stop up to breakeven.

Penafian

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