SEEK has broken out of a multi-year range and is now testing the upper boundary to gauge buyer commitment. This is a critical zone. Price action here will reveal whether markup is ready to accelerate or pause for a reload.
Trade Scenario
Begin scaling in as price has reached the top of a Low Volume Node. This zone typically lacks price acceptance, so there is a strong chance of a brief dip before continuation. If price does pull back, monitor the buy zone for a second entry/scale in opportunity.
Risk management remains essential. Since a higher low has not yet formed, the stop loss should sit below the Last Point of Support. Once a new higher low is confirmed, the stop can be moved accordingly to lock in structure.
Targets
Initial target sits just below the all-time high
For extended upside, trail the stop loss using newly formed swing lows to capture continuation
Trade Scenario
Begin scaling in as price has reached the top of a Low Volume Node. This zone typically lacks price acceptance, so there is a strong chance of a brief dip before continuation. If price does pull back, monitor the buy zone for a second entry/scale in opportunity.
Risk management remains essential. Since a higher low has not yet formed, the stop loss should sit below the Last Point of Support. Once a new higher low is confirmed, the stop can be moved accordingly to lock in structure.
Targets
Initial target sits just below the all-time high
For extended upside, trail the stop loss using newly formed swing lows to capture continuation
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.
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.