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mohamed.tharwat.elsherief

PE: Daily price attempts to breakout S/R

Long
mohamed.tharwat.elsherief Mis à jour   
NYSE:PE   None
Trend Analysis
6
0
trendanalysis
Price has found minor support in the Weekly Chart and the daily chart shows a double bottom with a breakout for the first S/R. Now the price is attempting to clear the second S/R.

I will be watching the breakout in H1/H2 Chart and waiting for a retest before considering going long. The previous gap is acting as a resistance at the moment.

Daily

snapshot

H1
snapshot

Commentaire:
Price broke the resistance but it did not show any sign of retest and went down again.
I would cancel the trade and wait for another opportunity with a strong breakout and a retest.
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