SE is bullish if it breaks above $130.19 with two consecutive daily closes, targeting $183.

Now, next up, let's get into some little a little bit of education. Now, I know I've talked a lot about breakout retraces, breakdown retraces, because they happen and they happen over and I've said this already in this show over and over and over, but guys, let's watch and check how this works on the chart of SE. This will help you tame your emotions, guys. When you see a chart set up, price is coming into a beautiful level and you love it and you buy it and then the rug's pulled right from underneath you, price slips. This can and will happen to you eventually. If you trade long enough, you got to keep your emotions in check, find the next support level, understand major trend lines can be broken, but it gives you information when that happens because price generally wants to come back to that trend line. Much like what has happened here on the chart of SE. Now, let's back out on this chart to show you this inclining parallel channel back here from the January of 2024 lows. Notice how we hit the bottom, hit the top, then came straight down, consolidated before we broke, and then look at this nice retrace. Now, if you were here, much like me, seeing this huge decline, this could have been a nice buying opportunity. But then all of a sudden, whoop, now you're down, not only from $111, you're down here to 80. Sub 20% gone right there with a flash right on your charts. What do you do? Well, you got to get a plan together to find the ultimate destination that's going to occur. Look at this, remember this on your chart. Big breakdown, bear flag breakdown, came down to support, and then up, up, and away from there, back to retest this inclining parallel channel, one that spans several years. Now, the interesting part now, what's going on now, is that you see this horizontal trend line where price was rejected. Look at the beautiful day that's occurring today, pushing back up, angling for another attack and entry into the bottom of this parallel channel. Now, a successful move doing this, getting above this horizontal channel or a horizontal trend line, will create a head and shoulders pattern that will trigger with a targeted measured move at the 50% area of this parallel channel just above $180 at $183. This is a big move on the horizon. Can SE get above this neckline right here at $130.19, put in two consecutive daily closes with extension, and that does trigger the measured move up here to $183. It's important to trade like a robot. Don't freak out when your price goes against you. Be mindful, find another level of support, rewind the clock back on the chart without even doing fibs or trend lines. Look at this, if I just rewind time, I can see all the way back here. Look at all these pivots, look at all this consolidation, and that's exactly where price put on the brakes when selling and made another attempt at this bottom range of the parallel channel. Very cool stuff there, guys. Keep your mind in check, that way you'll be on the right side of the trade on your next one setup.