IWM to bounce $240 target
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom channels (period 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is negative
Price at or near 0.618 retrace Fibonacci level
In at 232ish
Target is $240 or channel top
Stop loss is $228, but will reenter at 225ish.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom channels (period 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is negative
Price at or near 0.618 retrace Fibonacci level
In at 232ish
Target is $240 or channel top
Stop loss is $228, but will reenter at 225ish.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.