Another promising setup is forming on EML. As always, keep in mind this is a small-cap play, so risk management is key. While the monthly uptrend isn’t yet fully established, the current structure offers multiple trade scenarios worth watching.
Trade Scenarios
1. Conservative Breakout Entry For those preferring confirmation, a long entry could be triggered on a clean break and close above $1.195 (as highlighted on the chart).
Stop Loss: Below the newly formed swing low
Target: $1.825, where notable resistance resides
2. Ideal Pullback Entry The optimal setup would be a pullback into a strong Area of Interest, supported by:
50% range retracement
Yearly pivot
Demand structure from the large April wick
If price forms a hammer/bullish candle in this zone, it could signal a high-probability reversal and offer a strong entry point.
SL placement depends on candle structure, but should invalidate below the demand zone
🎯 TP remains at $1.825, aligning with historical resistance
Trade Scenarios
1. Conservative Breakout Entry For those preferring confirmation, a long entry could be triggered on a clean break and close above $1.195 (as highlighted on the chart).
Stop Loss: Below the newly formed swing low
Target: $1.825, where notable resistance resides
2. Ideal Pullback Entry The optimal setup would be a pullback into a strong Area of Interest, supported by:
50% range retracement
Yearly pivot
Demand structure from the large April wick
If price forms a hammer/bullish candle in this zone, it could signal a high-probability reversal and offer a strong entry point.
SL placement depends on candle structure, but should invalidate below the demand zone
🎯 TP remains at $1.825, aligning with historical resistance
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.