Potential Long Entry Point
Entry Point - $14.86
Support 1 - Bottom Rail of August Channel
Support 2 - Fib .236
Support 3 - Bullish Harmonic Pattern Entry Point D
RSI & Stoch should have bullish set up at that point
Target 1 - $15.41 @ first resistance (blue rectangle & Fib .382)
Target 2 - $16 - $16.30 @ second resistance (blue rectangle & Fib .618)
Stop Loss - Set tight below bottom rail of August Channel - if price breaks through with a confirmation then it could retrace into the $13's or lower.
Support 1 - Bottom Rail of August Channel
Support 2 - Fib .236
Support 3 - Bullish Harmonic Pattern Entry Point D
RSI & Stoch should have bullish set up at that point
Target 1 - $15.41 @ first resistance (blue rectangle & Fib .382)
Target 2 - $16 - $16.30 @ second resistance (blue rectangle & Fib .618)
Stop Loss - Set tight below bottom rail of August Channel - if price breaks through with a confirmation then it could retrace into the $13's or lower.
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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.