CMT bottomed out after a 0.786 retrace from 8th Oct high, we double bottomed and now look to have a clear reversal and break up from the descending wedge.
I am already long on this one, there is potential for 87% profit if I have the patience to hold to mid December, but I may partially exit on the way up and perhaps try to trade some subwaves.
I am already long on this one, there is potential for 87% profit if I have the patience to hold to mid December, but I may partially exit on the way up and perhaps try to trade some subwaves.
Trade active
Comment:
This one has dropped back but we still have the bullish divergence, maybe it just needed to triple bottom to get enough steam. Staying in.