This is the end of a weekly corrective structure. A close above this zone is a buy for me. There are too many fibs to list...look at the zone on top of a bullish bat. Stop loss is a bit wide @113.08, but the best entry would have been 115.55 after the last of the fib zone was tested
The ultimate upside target is 148. I would take some profits off the table @ 132 and 138 and an initial surge to 124 could warrant adding to the position. This bat could also get extended with a decline to 107, but that would negate this trade and set something else up.
The ultimate upside target is 148. I would take some profits off the table @ 132 and 138 and an initial surge to 124 could warrant adding to the position. This bat could also get extended with a decline to 107, but that would negate this trade and set something else up.