We can open long at buy zone $16.11-16.34 because:
— Price bounced so many times from that zone (I marked it by blue arrows) it shows, that is a very important zone to big players. They will protect it in the future. — Potential profit in 5 -10 times bigger than a risk. — I will open a Long near $16.11-16.34 ONlY with low risk.
Middle — term goals are: 1st $20,75 and $25,30
I will write when it's the best to open Buy with (S/L & T/P points) if this post will get 100like.
Thank you Turiy. We see a Falling Wedge within a Channel Down on the short term. The result should be a test of the 13.55 support before it break down completely: