2 Buy Zones Based off of Multiple ABCD Patterns.
Steep Gap off of Earnings might take it to the 1.272/1.618 Extension Double Bottom Zone which is the safer play
or
Present position is still high probability with multiple ABCDs with extensions lining up in a tight zone. Wait to see a bounce and then hit a 618 retracement of any small move up.
Going long at the moment with a 3% stop and shooting for only the 318 retracement which hits previous support would give you a 1:1.8 R:R. Not the best trade but gaps like to be filled at some point and HOG got beaten today.
Waiting for the safer Double Bottom play would be a no brainer low risk IMO
Steep Gap off of Earnings might take it to the 1.272/1.618 Extension Double Bottom Zone which is the safer play
or
Present position is still high probability with multiple ABCDs with extensions lining up in a tight zone. Wait to see a bounce and then hit a 618 retracement of any small move up.
Going long at the moment with a 3% stop and shooting for only the 318 retracement which hits previous support would give you a 1:1.8 R:R. Not the best trade but gaps like to be filled at some point and HOG got beaten today.
Waiting for the safer Double Bottom play would be a no brainer low risk IMO