Buying OPEN on the open

2 days ago

OPEN has been on my watchlist, and I was waiting for a clearer picture. This wave-count I'll admit is not the best and in-fact may be a little forced, part of my immediacy to buy is I've been waiting for a pullback greater than 20% to buy into. Basically, what I'm saying is; solid chance I'm too early for this entry, but with the 1.618 extension touch in pre-market, I'm buying into this on the open.

Wave-Count Confidence: Average

2 days ago

Trade active

I've found myself a little underwater in this trade, I didn't buy right on the open but I did get in at $7.80-$7.65 range, will hold for now, I believe a bottom can be made at the lower $6.30 range.

16 hours ago

Note

Take-profit is $11.00, will see how price reacts around the $9.00 range but pretty sure we just caught the bottom.