ZION, 2024-06-27, LONG
Updated
Context:
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Expected RR (at full) 7.3
- Weekly - Support zone @ 40.65/38.74
- Daily - Trend line break; Retracement back to Window
- 1h - BOS; Body block as entry/stop range
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- Main Target - Pivot high @ 46.15
- Breakeven stop @ 42.92
- 2/3s out @ 44.29 (Fin ext. 1.0, when 0.618 is near pivot, bump to 1.0)
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Expected RR (at full) 7.3
Note
Breakeven marker hit @ 42.90; Stops moved to breakeven.Note
After the huge dip and recovery. Closed the 2/3s out on the break of the AM low (today) @43.30. Want to lock something considering the volatility of the prior days.As an aside. The 1.0 Fib ext target may have been a bit of an over estimation, there was a good zone around 43.50 that would been a good candidate for the 2/3s out given those technicals.
Definitely did get lucky on this with the recovery, noted.
Trade closed: target reached
Main target hit on the gap open @ 46.15;
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