Fair is at the .786 retracement zone after a severe fallout. Volume is low right now but if volume picks up we may see enough momentum to buy for long. We should at least expect a retest to the .618 for a good profit.
White Rays = potential targets
Green Rays = Targets that have been hit
Red Ray = stop lossFair is at the .786 retracement zone after a severe fallout. Volume is low right now but if volume picks up we may see enough momentum to buy for long. We should at least expect a retest to the .618 for a good profit.
forgot to remove indicators. here is a clearer view
White Rays = potential targets
Green Rays = Targets that have been hit
Red Ray = stop lossFair is at the .786 retracement zone after a severe fallout. Volume is low right now but if volume picks up we may see enough momentum to buy for long. We should at least expect a retest to the .618 for a good profit.
forgot to remove indicators. here is a clearer view
Comment:
first two targets have been hit. Still a good trade according to the oscillators. Has not made a good push towards the pivot point yet.
Comment:
Starting to look like a false breakout. still have a chance for more drop and accumulation before going.
Trade closed: stop reached:
Made great profit but it broke through the trend. It's going to need some more time