PEJ to $54
My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at top of channels (period 100 52 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive and over top of Bollinger Band
Price at or near Fibonacci level
Entry at $56.50
Target is $54 or channel bottom
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at top of channels (period 100 52 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive and over top of Bollinger Band
Price at or near Fibonacci level
Entry at $56.50
Target is $54 or channel bottom
Trade closed manually
Price went sideways to bottom channel. Closing with tiny loss. 
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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.
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.