Technicals: - potential ending C (from ABC) -wave on weekly - with the potential to end at the top of the channel on weekly - about 400 EUR/share - 0.382 retracement from the spake in 2008 is at the same 399 level.
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SL 130, TP 400 ensures Reward/Risk 2.6 which is a decent one. Graphic scale is logarithmic.
Nice chart. If impulse - correction trading, wouldn't we need a Move down to break that impulse low around $61 before the big move up? current uptrend structure looks corrective to me. Also, not back down to lows so maybe you have the reasoning on lower time frame to look for turn point up right here? thanks for sharing interested in your thoughts on this time frame. Hope you get a big winner! will be interested to follow -- kudos on your charting