AVA - BDW and Monthly Bull div
Price is settling on weekly support, and has monthly bull div at this level.
Weekly price has retested the BDW pattern and held at support. weary that price has lost .618 level and was rejected here as well as the short MA's
Difficult to find good entry. Going long here, weary of local low at 0.135 so will need a wide stop.
Target 1 - 0.225 @ 40%
Target 2 - 0.32 @ 100%
Target 3 - 0.425 @ 165%
Note
Similar to this set up wit CATtwo week bull div, BDW retest. just has a much better entry candle.
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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.