Held .5 On the Fib retracement. Currently on the bounce up but met resistance at Fib .618 value on the dot. Likely to see trendline bounces to $4.11 where we may see progression to the next wave.
Bull case could be made to hold 1.618 but I like to take profits with the banks, so I will begin selling around 4.15.
Bull case could be made to hold 1.618 but I like to take profits with the banks, so I will begin selling around 4.15.
Trade closed: target reached
Sold my position t 4.2 slightly higher then the projected 4.15. Could see this rally up to 4.5 but be careful holding/buying any higherNote
Seems like many people are still in this trade. The next target is 5.39 on the fifth impulse. This could be the last leg of the 1st Wave before the wave 2 consolidation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.