Long

HEO long

Updated
Long entry here on retest of this long respected level. Weekly indicators are all in our favor for a run out of this channel and larger consolidation. 2.94 may be a sticking point.
Looking to ride wave three here for the longer term. Usual stop loss MGMT 50:50 Daily and weekly HK candle trail. Wave three may run as far as 4.62 for the 382 fib. This is a very optimistic target.
Current Market conditions may trash the trade.
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Trade closed: stop reached
Stopped out from both positions here. 50% on yellow line 50% on red.
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Alarm reset, still has potential.
Trend Analysis

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