It appears that a bullish shark has formed on GJ and I plan to take this pattern as an opportunity to go long. If you have any questions feel free to comment. I know it's a little late since it appears the pattern has completed but I was just checking my charts when I noticed this move.
My entry is 143.795
My conservative TP is at 144.550
SL: 143.550
R/R: 3.08
Long term speculation is that GJ will continue to pull back after it's major rally. Once it pulls back to my full extension then I plan to go long to ride it up to the 160 area. I missed the breakout and I won't be missing the rejection off the pull back :P
My entry is 143.795
My conservative TP is at 144.550
SL: 143.550
R/R: 3.08
Long term speculation is that GJ will continue to pull back after it's major rally. Once it pulls back to my full extension then I plan to go long to ride it up to the 160 area. I missed the breakout and I won't be missing the rejection off the pull back :P
Commentaire:
I expect price action to continue to hit the little green box at the 61.8 and full extension but price could reject off the 50% which is why I set my TP at that point.