KCG bounced off the 1.414 support of the fib retracement. The MACD bottomed out and turned bullish making this a great setup to enter long.
Holding profits until $5.15 right beneath the 0.786 level on the Fib Extension and then scaling out 75% of my position for a 20% gain. Leaving the other 25% to run near the $5.50 resistance
Holding profits until $5.15 right beneath the 0.786 level on the Fib Extension and then scaling out 75% of my position for a 20% gain. Leaving the other 25% to run near the $5.50 resistance