Is AMPL (Ampleforth) ready for a breakout?
We are at the 0.236 fib resistance. If we can break this resistance we will see a breakout of this wedge and it will probably hit the .382 fib and then try to find support on the .236 fib resistance.
My targets for the long run:
1.31 (.382 fib)
1.53 (.5 fib)
1.76 (.618 fib)
2.08 (0.786 fib)
2.49 (1 fib)
I will take 30% profit at every fib rule and buy it back when it hits the previous fib rule or makes a reversal. Example, when it hits .382 fib I will sell 30% and buy it back when it hits the 0.236 fib or makes a reversal.
I will take 50% profit if I receive a sell signal
I will take 100% profit if we have a double top or a lower high
StopLoss,
I have my Stop Loss below de wedge at 0.75
I will try to buy it back on a double bottom between 0.6 and 0.62
Never loose a winning trade.
Sheers,
We are at the 0.236 fib resistance. If we can break this resistance we will see a breakout of this wedge and it will probably hit the .382 fib and then try to find support on the .236 fib resistance.
My targets for the long run:
1.31 (.382 fib)
1.53 (.5 fib)
1.76 (.618 fib)
2.08 (0.786 fib)
2.49 (1 fib)
I will take 30% profit at every fib rule and buy it back when it hits the previous fib rule or makes a reversal. Example, when it hits .382 fib I will sell 30% and buy it back when it hits the 0.236 fib or makes a reversal.
I will take 50% profit if I receive a sell signal
I will take 100% profit if we have a double top or a lower high
StopLoss,
I have my Stop Loss below de wedge at 0.75
I will try to buy it back on a double bottom between 0.6 and 0.62
Never loose a winning trade.
Sheers,
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