ESTC - Corrective movement in the downtrend

Updated
Alignment and partial compression of multitimeframe fibo clouds signal an increase in the probability of reaching the first target. The final target is a possible bonus with a risk-return ratio of 3. Risk management with realization of the first target and moving the stop loss is an indispensable part of this operation.
Trade closed: target reached
First target reached with partial result of +9.20% in 15 trading sessions. Action required: move stop loss to 100.55 and wait for progress towards second target
Beyond Technical Analysis

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