MRK eyes on $80.36/74: Double Golden zone could mark the bottom

Aug 11

Pharma has been struggling with Trump's tariff threats.
This one is orbiting a Double Golden zone at $80.36-80.74
Looking for a clean Break-n-Retest for possible long entries.

Aug 15

Trade active

Houston: We have IGNITION (yellow shaded area is from posting time)

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Closer Look with notes:

1st Entry failed, but second entry WORKED.
Hit first TP at Covid Fib and closed 25%.

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What next?

Hoping for 3 more TPs with 10% gains on last 1/4.
Stop Loss at Break Even for now, will slide up later.

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Aug 15

Note

TP 2 Hit (yellow shaded area is from posting time)
Perfect tap of the Covid fib for our second profit.
Closed another 25% of the positiong for 4.74% gains
StopLoss still at BreakEven, will trail a fib behind price.

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Aug 21

Note

TP 3 hit Closed another 25% of position.
Moved Stop loss up on last piece to keep at least 4%.
Waiting for one last TP to close the trade and move on.

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