2 bounces from the golden pocket zone for 100+% gains.... Will it bounce again?
I'd like to see it retake the golden pocket (those two gold lines), and ideally backtest off the .618
Targeting the .382 for TP1 at $6.30 (70% sell) Targeting the .618 for TP2 at $7.84 (20% sell) and look to retake the high at $10.32 (10% sell and close position)
Option for stop loss at below the last low wick at $3.69 or a much wider Stop below the .786 at ~ $2.84