UNP - Breakouts happening on buying continuation activation
Next Stop: 247.50
When we see ourselves breakout out and retesting a strong selling algorithm like magenta here, we are almost guaranteed to come and retest the top of our tapered selling algorithm (teal here).
Look for yellow strong buying to continue to activate and hold price for the move to retest teal. A future breakout of teal will then allow us to retest recent highs at 258 which is the top of our green buying continuation which is currently in control.
Happy Trading :)
When we see ourselves breakout out and retesting a strong selling algorithm like magenta here, we are almost guaranteed to come and retest the top of our tapered selling algorithm (teal here).
Look for yellow strong buying to continue to activate and hold price for the move to retest teal. A future breakout of teal will then allow us to retest recent highs at 258 which is the top of our green buying continuation which is currently in control.
Happy Trading :)
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