The pattern appears to be an Adam/Eve double bottom with a breakout target to ~ 120. The price broke out of the Eve on strong volume. The price is currently retesting the price between Adam and Eve. If the price holds 94/95 then hopefully the price action will play out. I am not sure where a SL would be placed, but the risk/reward here is good with a tight SL.
Only negative will be the CPI print next week with its usual volatility.
Not financial advice.
Only negative will be the CPI print next week with its usual volatility.
Not financial advice.
Comment:
.618 still held, I maintain my thesis
Comment:
Was stopped out, bought a call today for the breakout target.