Used Fib retracements to project target price, then used trend line to estimate target date.
Trade active:
Entered at $3.165. Targets set throughout red zone from $3.66 to $3.92.
First pattern took 18 days to complete.
New pattern will take a little less than half that time, based on current rate of completion.
So the new target date should be around 4/11 or 4/12 depending on volume levels.
First pattern took 18 days to complete.
New pattern will take a little less than half that time, based on current rate of completion.
So the new target date should be around 4/11 or 4/12 depending on volume levels.
Trade closed: target reached:
Trailed up to $4.18 for a nice profit, but missed the $4.32 ATH.
This was my first published idea. Thanks for reading.
This was my first published idea. Thanks for reading.