After steep pullback to uptrend line, price is now still playing within fib levels. Once we see a break of our daily zone and 0.5 fib level, we are going to see an impulse move up to the 0.382 level before an eventual retest of all time high. This will be a managed trade for us here, most likely re buying on pullbacks even after ath breaks we will be playing extensions from that point on.
- Entry: looking for entries after break and hold of daily zone / 0.5 level
- Stop loss: placed just below VPVR, support zone, and Moving Averages
- Take profits:
- (1) 0.236 level
- (2) ath level
- Fib extensions
* Looking for a high volume break of mid zone with momentum supporting showing bulls are in control as our entry signal
- Entry: looking for entries after break and hold of daily zone / 0.5 level
- Stop loss: placed just below VPVR, support zone, and Moving Averages
- Take profits:
- (1) 0.236 level
- (2) ath level
- Fib extensions
* Looking for a high volume break of mid zone with momentum supporting showing bulls are in control as our entry signal
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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.
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.