Maps is at a very crucial resistance area.

Maps has made a parabolic move to the upside almost 12X in just 54 days. But if you look at the larger picture it has been in a downtrend. Its been making lower highs. Also made a lower low since the beginning of the chart. This recent move also looks like a 3 wave move to me.

Currently its sitting near trendline resistance. This is also a important Fibonacci level. In a ABC correction when A is overextended then C is usually .618 of A. And its sitting right on my expansion fibb level see the pic below

Anybody know some fundamentals on this one ?


Entry - 1.1126
Stop - 1.15
TP 1 - 0.45 ( Reduce Position 50%)




This is not a financial advice. The only time I give financial advice is when am having an episode of personality disorder.

Comment:

Stop Moved at Entry Price 1.1126

Trade closed: stop reached:

Stop hit at entry

Trade active:

Trade closed: stop reached:

Loss = 2.62 %

Comment:

3rd attempt.
70 % allocation to Market Price Trade
30% allocation to limit order trade.

Trade active:

Entered at - 1.29

Trade closed: stop reached:

keep making extensions.

Trade active:

Been stopped out 6 times so far. One time sopped at break even. Total loss - 5x2=10
7th attempt

Comment:

Closing 50%
lost 10% on last 5 trades
This trade up 34%
Profit - 24%
50% position still active

Comment:

Taking More Profits here.
1/2 of the position
Now only 25% is left

Trade closed manually:

Closed the remaining position as well.
Trade fully closed.