Short
REALPAGE INC
NASDAQ:RP
Hi, traders!
An idea for those who understand the nature of a false breakout.
If u dont understand it - write me to learn.
What's on a chart.
We are approaching a strong level 67, reinforced by round numbers.
Instrument is trying to update the historical high.
I expect a retest at 9th bar, but I guess we can't take this level the first time.
Firstly, we've had more than 10% rolling up motion, secondly, we're going to a long retest.
I think we're gonna have to work off a false breakthrough.
For those who love the rebound model: wait to price will be fixed above the level, then, after retest from top to bottom - enter the rebound.
Hi, traders!
An idea for those who understand the nature of a false breakout.
If u dont understand it - write me to learn.
What's on a chart.
We are approaching a strong level 67, reinforced by round numbers.
Instrument is trying to update the historical high.
I expect a retest at 9th bar, but I guess we can't take this level the first time.
Firstly, we've had more than 10% rolling up motion, secondly, we're going to a long retest.
I think we're gonna have to work off a false breakthrough.
For those who love the rebound model: wait to price will be fixed above the level, then, after retest from top to bottom - enter the rebound.
Trade fermée: cible de profit atteinte
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.