POWER Retrace to a nice potential buy in
After the recent push, the market is in retracement. I suspect that the 61.8% fib would be a sound entry point. I believe there to be some strong support here and great potential to bounce off and move upward again. The market does look like it is finding support off the 50% fib however there is larger gains to be made if we can make a buy off the 61.8%.
This is not financial advice, trade at your own risk.
This is not financial advice, trade at your own risk.
Trade closed: target reached
Good news if you jumped in where i mentioned on the 61.8. You would be up 10%
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