Price has been holding well against the reaction line. I put in a median line set and am watching for a possible long trade against it. Debating about targets. Fibs are in play as of now (both retracements and extensions), as is the median line if the fork holds.
Commentaires
wuweitrader
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With the strong move, it seems only rational to collapse risk.
wuweitrader
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I waited to see more price action. I am now long, but my trade has targets off of Fib levels and extensions, all depending upon how price plays itself out. Here's what my chart looks like now. I would like to see a bit more confirmation regarding the modified schiff, but if you look back the action/reaction set has been catching the frequency for a while.
wuweitrader
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Price has come back down, but without a show of continued strength at this level I am just watching at the sidelines.