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,...
I'd like to see a retest of the wedge for a safer entry or a consolidation for a few days above the green line around $12.35
The daily RSI has also broke resistance which is typically bullish.
Lately CWEB has been sold off after going above the 34 EMA, it has to stay above that to gain confidence in a long-term uptrend.
CWEB has been working it down from its ATH since FEB of this year, and has gotten stopped up in the congestion pattern.
I have been watching it to pick a direction to enter a position and it looks like it finally has broken to the downside.
I have been using Long Puts in all my short positions because I do not want to cap my downside potential to...
I'm a long term investor, who are using software with median renko and fibs to analyze charts(1 get up to 10 signals in a year), and i currently i think CWEB will go higher, i would set trailing stop to distance from the price to SL.