Still several lines of resistance to take out, but the impulse wave off of the $165 bottom and the resulting correction are looking good so far.
I'm waiting for this wave one to hit at least the red 2 extension or green .618, which would be an interesting double top...
After that, it could get explosive with a 3rd wave within a 3rd.
Looking to the downside, I have stops set at ~$176 and ~$172. I fortunately had a good entrance so I'm at a good risk reward ratio at this point.
I'm waiting for this wave one to hit at least the red 2 extension or green .618, which would be an interesting double top...
After that, it could get explosive with a 3rd wave within a 3rd.
Looking to the downside, I have stops set at ~$176 and ~$172. I fortunately had a good entrance so I'm at a good risk reward ratio at this point.
