Based on Current PA, I'd like to see some rebalance at around 46s level to wait for a long opportunity.
My Key Levels:
*46.20s: probable long opp.
**53.50s: 1st long target.
***62s: 2nd long target.
****65s: 3rd target
*****72.80s: 4th and final target
Prior to this continuation pattern we had Head and Shoulders pattern that reversed long uptrend. Currently, we had nice downturn, followed with this continuation pattern. Here, we have very good RRR 1:4. Thus, very plausable trade.
Have a nice trading week,
Vukman
