This chart is displaying a classic wyckoff distribution pattern. Keep a tight stop at $284. Targets 1-3 are on the .618, .5, and .382 retracement levels. Keep a cool head, this one will play out over the next couple months.
Entry - $269
SL - $284
Target 1 - $235
Target 2 - $216
Target 3 - $198
R/R - 2 (T1)
Entry - $269
SL - $284
Target 1 - $235
Target 2 - $216
Target 3 - $198
R/R - 2 (T1)
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.