This is a simple setup- it feels like a 50% retracement from the recent high
Technicals
1) the trend line was crossed
2) the moving average crossed below and has stayed there for a few days
Targeting a move to S1 ($27) - approx. a 15% move from today's close ($31)
Technicals
1) the trend line was crossed
2) the moving average crossed below and has stayed there for a few days
Targeting a move to S1 ($27) - approx. a 15% move from today's close ($31)
Trade closed: stop reached:
I closed this trade at a small loss