Long If The Pattern Continues

Here we can see that for the past INTERCEPT PHARMACEUTICALS INC has been finding support at around in around $87, which has been confirmed 5 times, and a resistance of about $116-$120, which is a little less defined but just looking at the chart, it is there. Once the pattern proves itself that price action is going bull up to support, that's when I will go long. But for now we wait, anything could happen. Also looking at the chart, we see every single time earnings come out within this pattern, price action goes bull, and very quickly.



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