Here's my idea for a possible long order on GJ. I already have a couple of positions open for the short term to make sure this level holds. Color coded the Fib extension (FE) levels with where I drew them from. We are hitting higher lows which indicates to me that price is going up. You can see we hit a couple of the FE levels and looking for price to reach 149.00 early next year if this channel isn't broken.
Commentaire:
Successfully hit my TP, waiting for a pullback for another entry long.