Trading the Sequence Setup:
Entry Zone:
Buying near the WCL zone ($98–$105) provides a favorable risk-reward opportunity, following the sequence structure.
Stop Loss:
Place stops below $95 to protect against a breakdown in the sequence.
Profit Targets:
T1: $148 (1.618 Fib extension)
T2: $155 (1.809 Fib extension)
T3: $161 (2.0 Fib extension)
Invalidation:
A breakdown below the WCL zone and $95 invalidates the upward sequence, potentially targeting $90 or lower levels.
Entry Zone:
Buying near the WCL zone ($98–$105) provides a favorable risk-reward opportunity, following the sequence structure.
Stop Loss:
Place stops below $95 to protect against a breakdown in the sequence.
Profit Targets:
T1: $148 (1.618 Fib extension)
T2: $155 (1.809 Fib extension)
T3: $161 (2.0 Fib extension)
Invalidation:
A breakdown below the WCL zone and $95 invalidates the upward sequence, potentially targeting $90 or lower levels.
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.
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.