Sorry folks. I forgot to publish this but it was a trade identified on Friday, based on wave analysis that looks very good, ~80% confidence, on the long side. I did a few price targets if it opened lower than expected but easily it hit the 1:1 risk/reward targets right out of the gate.
Simple Harmonic identified. Short MCHP at the Open. - 62.59 Target - 60.09 Stop - 63.84 Risk:Reward 1:2
Enter at market open. 112.58 Looking to get 1% move to the upside. 113.7 Large Fib pattern in play. Risk 1:2. Stop at .5% to the downside. 112.01
Fib within a Fib. Major pattern engulfing minor pattern. Both bullish. Minor exceeded 50% extension and now in play to challenge and complete major pattern. If price action continues bullish, expect to hit 50% extension of the major pattern. This rally could bring GCG17 to around 1214.
Not yet. Great scalping target as it will find support @ 30.50 Buy the DIP! Risk 1:1