Why This Setup Has My Attention:
I’m looking for a pullback to $20.60, which aligns with the previous high and the 0.382 fib retracement — a healthy spot for price to reload if bulls are still in control.
Plan:
Entry Zone: $20.60 area or bounce off the 20EMA
Stop: Below the most recent swing low at time of entry
Profit: Wherever 1.618 fib is, using the high and low of the wave down.
If $21+ breaks and holds: I’ll look for a retest entry on strength
- Strong uptrend, but currently looks overextended
- Approaching the 1.618 fib level — often a profit-taking zone
- Heavy green volume recently on the daily chart = demand still present
I’m looking for a pullback to $20.60, which aligns with the previous high and the 0.382 fib retracement — a healthy spot for price to reload if bulls are still in control.
Plan:
Entry Zone: $20.60 area or bounce off the 20EMA
Stop: Below the most recent swing low at time of entry
Profit: Wherever 1.618 fib is, using the high and low of the wave down.
If $21+ breaks and holds: I’ll look for a retest entry on strength
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.