TAP -- Breakout Attempt -- Target Levels

Hello Traders!

The chart of TAP (Molson Beer co.) is currently flirting with a major resistance trendline. Now whether or not price can successfully seal the deal and make it too third base remains to be seen.

If price does breakout, watch for a potential retrace to the breakout trendline first, then we could see the larger move to resistance level #1.

If price gets rejected and fails to breakout we could see a move below support before it attempts to breakout again.

Thanks everyone and best of luck with your trading journey!