3d • 💬 Discussion
SNGP: Range Repeat in Play
After a sharp decline from its recent high at 128, SNGP has pulled back to a key support zone. This is the same area where it previously tested support and formed bullish divergence, a setup that played out well in the earlier trade plan. Price appears to be bottoming out at 87.11, and the structure suggests the same pattern may repeat.
Markets rarely form a single top. With support holding, price is expected to retest the recent high at 128, with the possibility of a break above it.
The trade is to be taken only on entry confirmation at 95.
Trade Plan
Entry: 95 (on confirmation)
Stop loss: 85
Target 1: 105
Target 2: 115
Extended objective: 128 (prior high)
Invalidation: a sustained break below 85 negates the setup
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SNGP: Range Repeat in Play
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