Respectfully, I disagree. Usually I don’t use any indicators and chart patterns, just price and volume, and based on my strategy I see uptrend opportunity TP1 68, TP2 80
dburgerding
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@shkspr, i think it depends a bit on the dxy, if the market turns bearish again, we won’t be seeing those targets soon. But thnx for your opinion, i am watching this closely it has big potential
shkspr
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@dburgerding, good luck my friend, I have call options 26 March Strike 78$, but I suggest put tight stop loss, I’m trading this creature for a while and usually it hits my targets, but every trade could be different, and who can be winner? LoL
dburgerding
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@shkspr, looks like it is getting a big retrace. I am not shorting it, but i am waiting on a good entry point.
lets see if it will break the 55.7 support zone.
shkspr
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@dburgerding, I agree but I hold my calls, Monday to Friday is a long way, lets see.
dburgerding
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@shkspr, i think it hit the reverse point nicely. bounced off the 200 EMA. ( on the hourly )
Jmontenz
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It looks like it’s Forming a head and shoulders as well
dburgerding
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@Jmontenz, I see what u mean, thnx for the heads up. This looks verry Bearish