PSFE Harmonics: Long-Haul Easy Trade!

Please see details in the chart for the entry price on PSFE. Exit prices are the 0.382 and 0.618 retracement levels. Don't buy yet, it looks like it's heading to 8 dollars by around September-November. Easy money at that point, just a matter of waiting. Good luck, trade safely, and let's make that money!

Commentaire:

I originally thought that PSFE had already hit it's bottom because one harmonic level coincided with the previous low; however, on inspecting the weekly chart, I noticed that there is a clear bullish-butterfly pattern indicating a long-term price reversal at 8.12 - 7.88. Price will likely bounce from 7.88 but I, myself, will make a graduated scaled entry into this price area, since it is a steal of a deal regardless.