norok

Fractal Setup on FE

Short
NYSE:FE   FirstEnergy Corp
FE triggered a scan this morning for stocks pulling back to a bearish 50% Retracement level on the Weekly timeframe . It just so happens that the same bearish pattern (big move, pullback to 50% retracement ) is playing out on the lower timeframe at the very same time. This presents an opportunity to enter a position with risk based on the 30 minute timeframe action with reward all the way to a Weekly timeframe target.

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