In life there is always a but and although Ciena is a downtrending stock on the lower timeframe, the weekly larger timeframe suggest otherwise. First, the uptrend line is still intact and the demand zone level confluence with the 88.6% Fib retracement level of the immediate range. Therefore have patient and wait for the market to unfold itself =)
Trade closed: target reached
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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.