NASDAQ:MELI   MercadoLibre, Inc
Once again no indictors just a simple formula: impulse correction impulse correction. The orange/reddish correction inside the yellow correction is called a fractal .

***This does not constitute investment advice.***


Appreciate your analysis and Long position + PT.
@H2-21, Thank you I appreciate the love! I always set my price target to the previous high. In this case it would be 2000. Stocks that are bullish tend to retest their previous highs. However the timing is tough so what I do is select expirations that are at least three months. Theta is not as powerful with three months left. You just gotta make sure the stock is on an up trend.
H2-21 Moneymakero
@Moneymakero, Thanks for the additional clarification. Appreciate your follow up as well.
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