USB: False breakdown and a test of 200SMAThings that I like
1. Test at Weekly 200SMA. This MA has been key, acted as resistance prior, and now we are retesting it as support.
2. False breakdown
3. Tailwind from regional bank sector and high interest rates
4. RSI on weekly staying above 50
5. RSI on daily showing continued bullish divergence. Above 14days MA and going above 50 soon
Trade Plan
- Enter when market opens, if it hasn't fly
- TP: 53.25
- SL: 46.4
- RR: ~4.4