CAVA bounced back nicely along with the market.
Currently orbiting a Golden Genesis fib at $99.02
Look to be flung in either direction from this fib.
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Previous Analysis calling the TOP
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Currently orbiting a Golden Genesis fib at $99.02
Look to be flung in either direction from this fib.
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Previous Analysis calling the TOP
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Trade active
PLUNKYellow shaded area is from posting time.
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Close look
Short entry on a Ping on golden Genesis fib.
Hit 2 Tp's already for 6% and 10% gains so far.
Closed 25% at each target, trailing stops.
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Trade closed: target reached
Third Target HIT(yellow shaded area is from posting time)
Closed another 25% at $82.50 for 16%.
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Closer look at the last fib hit
It was Pierced but bounced, then broken.
So it is likely we go down another fib:
That would net another 4.75% or so.
So I am going to let the last 25% ride.
SL above the $82.40 fib, TP at the $78.59 fib.
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But let's consider this Trade Idea done and closed.
Maybe we will hit that last 5% of gains, lets see.
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Note
Shorts closed Bounced above fib and hit our Stop Loss.
So all shorts closed for now, not yet long.
Will look for long opportunities next.
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.