Descending Triangle on the 4hr. Supply Zone @180-190. $200 possible?
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***I meant to say falling wedge for that pattern, but I mean... I could have drawn out a descending triangle if I had wanted to for the initial dropdown outside of that falling wedge pattern
Scaled some of my position out @$180
... awaiting for further targets!
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Wicked @189.61 high
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Re-entry here $184.59 on the second pullback of this breakout. Decent risk-reward here imo
stop-loss @177.40 bids set @172-173
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Bought more @183.07
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Possible shakeout here. Teetering against $180. May fall below back to 170s. Proceeding with caution. Revised stop-loss @175 for a bit more wiggle room