CONCOR: The Next Ideal Place to Go Long

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In my previous post I suggested buying..perhaps the move started a bit earlier than expected but hit the target..see below >>>

When I look at the current chart and ask myself, what could be the ideal place to enter ?
Is it on the next bar break above the Doji candle made in the last hour today or at a lower price ?

Before beginning I would like to make it clear that the following scenario would be active below 1340. However, any move past 1390 without breaking 1340 may take the stock back to the highs.

I believe that stock has run quite well in the recent past and it may take a breath for a while before resuming its upward journey. Looking closely into the chart we have a support zone with multiple confluences. Yes, it is the 1290--1308 zone. As you can see, there are more than one Fib. levels in this zone; historical horizontal support levels; and a harmonic reversal zone.

I would watch for reversal pattern in this zone and go long with stop below the recent swing low made at that time. I will look for 1338; and 1360 as the targets.

# A clean sweep by the bears in the PRZ (without any signs of slowing down) would be a sign of weakness. I would be cautious in that case.

Have a safe trade
Happy weekend

Hit like/comment.

Regards
Bravetotrade

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ملاحظة

Trading should be flexible, what is good buy in long term can be a sell in short term.
I ll be looking for the short setup (if opportunity arises) shown in the chart for intraday with target near 1322. Stop would be managed acc. to price action.






I ll be using one of the following confirmation methods.

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ملاحظة

Stock has a lot of choppy action. It took my stop yesterday but then I found a new triangle pattern and today It made the same pattern I was talking about.

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ملاحظة

Although its in PRZ, due to market weakness, I would not add until I see some consolidation here.