The green line indicates our support which can be used for our stop loss( below the green line) and you can also see that we just hit the all time low! The brekout from the channel gave us a strong reversal signal!
Usually, the history repeats itself, so if we hit the bottom line, then, there is only one way to go! ( did you figured out? Yes, of course, we are going up!)
The 1,2,3,4,5 for me, it is not necessarily the , it's more like a magnet mode to figure out where can I place my buy and sell orders, all the way up!
So, in the left side you can see the movement from the past and on the right side you can see ' the future movement' or at least my view for GO! I also used the fib. extension level for this next wave up!
This being said, I hope you will enjoy this idea as much I do.
Leave a comment or hit that like to support my ideas!
Trading is for all, but what about the profits!?
Have a great trading time!
Remember, you should always use a stop loss!