PERI to 31 fib confluence
Updated
I like the setup. 3:1 RR stop below the low tgt 31 then fib extensions from there. 100% and 1.618 run through the prior high area of 31.
Note
Raising stops locking in profits. Take half if needed. Almost at 1.618 extension target.Note
With the recent volume this could be in the 3rd wave. This is VERY extended but the 1.618 extension of the 1st is 35.5 area. I have stops raised. Locking in nice gains. If this is a 3rd, I expect some corrective move soon (4th) for that wave 3 to divide into 5. Earnings are coming up ....will exit partial or all before earnings.Note
high of the day...20 cents away from the wave 1:3 1.618 extension. I'm not greedy here. Big run, take some of those profits and enjoy a nice meal the market paid for :)Note
Gap down and bought up today. If the 29-31 bounce zone holds with volume, the prior high zone around 41 will be the next target. Raise stops to lock in gains. Copy and pasting the updated chart is not working for me right now lol
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