Entry Price (173.97): Chosen based on Fibonacci retracement levels, suggesting a potential point to buy or enter the stock, expecting the price to increase from this level.
Take Profit (179.97): Set near a Fibonacci extension or resistance level, indicating a target price to sell and secure profits before the stock might pull back.
Stop Loss (171.97): Established to limit potential losses, placed below a key Fibonacci or support level, indicating where to exit the trade if the price unexpectedly drops.
Current Price (178.88): The stock is presently above the entry point but hasn't reached the profit target, suggesting the possibility of a minor pullback before moving higher towards the target.
This strategy uses Fibonacci levels to identify strategic entry, exit, and profit-taking points, reflecting anticipated price movements based on historical patterns and market psychology.
☀️ABBV BUY☀️
💲Entry Price : 173.97
💰TP1 : 179.97
🏳️SL : 171.97
Take Profit (179.97): Set near a Fibonacci extension or resistance level, indicating a target price to sell and secure profits before the stock might pull back.
Stop Loss (171.97): Established to limit potential losses, placed below a key Fibonacci or support level, indicating where to exit the trade if the price unexpectedly drops.
Current Price (178.88): The stock is presently above the entry point but hasn't reached the profit target, suggesting the possibility of a minor pullback before moving higher towards the target.
This strategy uses Fibonacci levels to identify strategic entry, exit, and profit-taking points, reflecting anticipated price movements based on historical patterns and market psychology.
☀️ABBV BUY☀️
💲Entry Price : 173.97
💰TP1 : 179.97
🏳️SL : 171.97
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