Dissecting of Weekly Trendline Break

As a disclaimer the drawing in the chart is my bias. I believe price may push above the line a little further before retracing a bit. Obviously this may not be so and price may go sooner than thought to the pointed out price levels depicted above by the blue lines. The way I would trade this is to the long side but given my most recent thought of price I do expect for it to retrace at least a little bit before going on to the upside.

Trade stängt: målet nått:

This wasn't really a target, though price did do as we thought it would. From here we shortly expect a retracement of at least 38.2% of the rise.