Loco long next month
Updated
I'm seeing a set up for a bull run.
Trend lines have been upward slanted the last few months and is still be tested (currently we are on/around the median).
Fibonacci resistance/support lines are being tested too.
I'm thinking either in pre-hours, or early hours after opening the price very well might fall due to exterior motives (SPY tanking); but I don't think it will go below the previous support of 12.80. If it does, it will bounce on it back into a bull Price Action.
Trend lines have been upward slanted the last few months and is still be tested (currently we are on/around the median).
Fibonacci resistance/support lines are being tested too.
I'm thinking either in pre-hours, or early hours after opening the price very well might fall due to exterior motives (SPY tanking); but I don't think it will go below the previous support of 12.80. If it does, it will bounce on it back into a bull Price Action.
Trade closed: stop reached
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.