This particular setup is very interesting. I like how it is setting up.
98 -100 price range is important.
March 2015 price spiked into this price range and reversed, and few weeks ago same thing happened. But now that price range is broken, and in my view it is setting up for next blow off.
Before pulling the trigger I would like to see a daily candle close above or around 100.
Price is also forming a very tight base which gives some extra confirmation about my bias and more importantly stoploss will be small!
98 -100 price range is important.
March 2015 price spiked into this price range and reversed, and few weeks ago same thing happened. But now that price range is broken, and in my view it is setting up for next blow off.
Before pulling the trigger I would like to see a daily candle close above or around 100.
Price is also forming a very tight base which gives some extra confirmation about my bias and more importantly stoploss will be small!
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Long @ 99.9
mehulsan77
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