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Rykin_Capital
Oct 12, 2021 12:55 PM

Pedevco finding new lows. PED Short

Pedevco Corp.Arca

Description

This one looks like a complex correction. Momentum dropping, overbought, X wave looking formation done.

We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!

Trade closed: target reached

First goal already at 14th OCT
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