IF you have been following my charts you know that i have a wave 3 target in the 650 range which still stands as of now but im keeping a close eye on it as the RSI on the 6 hour time frame is showing overbought but the MACD is still showing bullish. If this goes past the 1:1 fib range we could see a shoot up to the 1.618 fib region which would be around 720. If we start to see a correction then im thinking with the bullish trend we should correct to the .618 or possibly .5 area for a heavier correction so the 575-550 range. It looks like the bulls are really starting to charge here but its good to have some targets and stay open to some different possible outcomes. These are just my opinion based off of technical indicators and my perception of them. Good luck to everyone and have an awesome weekend. GO GAINS!!!!
Trade active:
fell just shy of target but took some nice profit by selling the position and looking closer to the 550 area of correction to expand my position
Comment:
trendline has been broken to the downside. position is closed and looking at the .618 fib to see if it holds before re-entering
