We can see the symmetrical triangle here with a strong support line.
We also see a strong support line at the 3,250 level so we would place our stop loss just below this at around the 3,195 level for a 3% Stop loss. Risk/reward ratio is great on this with a possible quick upside potential of 15% and longer-term upside potential of 57%.
We also see a strong support line at the 3,250 level so we would place our stop loss just below this at around the 3,195 level for a 3% Stop loss. Risk/reward ratio is great on this with a possible quick upside potential of 15% and longer-term upside potential of 57%.
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