ENTRY: On break below $128
SL: 136.60
PT 1 (trim level: Trim 50-70% here) - $115-$118
PT 2 (Closing position here) $100.75 - $105
Rectangle top and Major Wave 3 hitting 262% extension level. Needs much larger correction here on Wave 4. Most will this is a bull flag and it is, but based on 262% extension level, I favor a pull back here in wave 4 into green box area before new ATH's.
Trade closed manually
gave us 124ish in the downside and bounced back up towards our stop loss. Keep a close eye on this level here for a push higher towards the top of rectangle or lower. Currently at pivot level
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.