Yes markets are general getting extended but im thinking low...

Yes markets are general getting extended but im thinking low risk entry for this one

The pattern into this sideways action was up so im now thinking this could potentially break to the upside. If it breaks up the impulse will move quickly but strong resistance could come at 16 which is why i think that might be a good mid term target .



The 1425 target mentioned today would be a nice move back above the 14 line which needs to be re captured before this goes too far, i will be more comfortable when the stoch's cross that line up and get a higher swing bottome entry.
Took a small position and will add if it develops and hopefully strenghtens :)))

Regards
Rob