Look at the chart area that is highlighted in triangle...as well as the ABCDE wave when dropping. I cannot help but wonder if it will follow the same foot steps when the price is recovering.
I would open a long position around $47.50-$48.00 to ride it up. This price level is above Fibonacci Retracement of .786.
I would open a long position around $47.50-$48.00 to ride it up. This price level is above Fibonacci Retracement of .786.
Note
Take some profit...
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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.