Reached the peak of the megaphone developed since January 2015.
Expecting 0.5 fib pull back of the leg starting from $41.98 before resuming the uptrend to $77 range.
Given that $54 have been a strong resistance earlier (and now a support), it could be a potential target to start closing short.
Entry: 59.36/60.48
Stop loss: 62.65 (new highs)
Take profit: 52~54
Expecting 0.5 fib pull back of the leg starting from $41.98 before resuming the uptrend to $77 range.
Given that $54 have been a strong resistance earlier (and now a support), it could be a potential target to start closing short.
Entry: 59.36/60.48
Stop loss: 62.65 (new highs)
Take profit: 52~54
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Related publications
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.