Now for something different. Fundumentally the general fear of the virus is the only reason I see this going up.The question is if up how much up? 3 scenarios either : 1.this goes to 4$ wicth is a very strong level both as mirror and a correction from the previous gap down (fibbo) 2.this explodes up to 6.8-6.9 to fill the gap then most likely crashes to 4 levels. 3.This goes down again like my AKORN review which technically looks annoyingly familiar.The fundumentals are the key here though. So I will choose scenario 2 cause of the ridicoulous R/R .It does not fit my general strategy still I would like to see how this plays out with a smaller R than usual.
Trade active
⋅
is that a bullish pennant forming :D?
Trade closed manually
⋅
Seems the triangle broke below .Will stop here since it looks like outcome number 3.