Based on a Weekly and monthly 61.8% pullback chart:
Daily chart: (1) Daily 61.8% pullback (2) Engulfing Bullish candle signal at entry point shows that bull are in control (3) Strong weekly support at $76 where price bounced off. (4) higher lows and higher highs.
Tentative targets areas are on the chart: $92 to $100. Stops are at a 1.50 or 2.28 risk/reward ratio.
*Key: Learn how to trade. Plan your trade and trade your plan. Stop doubting yourself. Losing is part of the game.
Trade closed: target reached
target reached... TradingView updated their website. I cannot go back and update all my trades. This is probably the last one.
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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.