At the start of the year, we saw a beautiful impulse which pushed Theta up over 2000%. We have been stuck in a correction ever since but it appears we may see the end of the correction very soon.
We have 2 key areas which we are looking at.
First area: $3.60
We have the recent lows and the 78.6 fibonacci
Second area: $2 to $2.60
In this area we have the correction support.
Trade idea:
- watch for bullish price action at either of these 2 levels
- enter with stops below the reversal area
- Target $16 as first target and $20 for second target.
Please make sure to use alerts so that you can monitor when its close to reversal!
Goodluck.
We have 2 key areas which we are looking at.
First area: $3.60
We have the recent lows and the 78.6 fibonacci
Second area: $2 to $2.60
In this area we have the correction support.
Trade idea:
- watch for bullish price action at either of these 2 levels
- enter with stops below the reversal area
- Target $16 as first target and $20 for second target.
Please make sure to use alerts so that you can monitor when its close to reversal!
Goodluck.
