Link Breakout to Upside
Link broke out of a small continuation pattern on the hourl which was part of a short relief stage following a breakout on a larger pattern on the daily. Daily Fib extensions could be used for longer term price targets, Hourly fib extensions from the abcd pattern could be used as shorter term price targets.
Note
Link found some resistance on the 27.2 fibb extension but managed to smash through it and is now heading for the 61.8 extension
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.