WOSG Long - Already in trade. Slim chance of re-entryWOSG Long
Already in this trade but there may be a slim chance of re-entry on a pull back as close as possible to entry price. Otherwise SL is pretty wide and not ideal.
Could ladder in with some DCA orders to entry, but you may not get it.
Price back at historic levels with double bottom type structure.
Spring back test of 340 price level on daily.
Bullish divergence on weekly MACD and RSI, suggesting reversal.
Targeting old highs and significant price levels.
Price action at lower orange levels may experience so congestion/consolidation.
TP1 could be reached quickly.
TP2 and 3 may be far fetched as luxury goods run was probably a result of excess spending during covid and low interest rates, but worth a shot.
Might be worth 50-60% exit on TP1 and see how the trade goes for the remaining TPs, so as to lock in returns.
