This is a paper trade, that I'm posting so I can review later. That's the only way to become better, by reviewing your trades. Weekly view here
It looks weak.
The main idea for this trade is that HP retraced to its moving averages, and as you can see, everytime during this uptrend when prices retraced to the wave, it made for a very good entry point.
First target is at the high, where I will be looking for a double top. Second target is at the 1.618% fib of the current correction.
The main idea for this trade is that HP retraced to its moving averages, and as you can see, everytime during this uptrend when prices retraced to the wave, it made for a very good entry point.
First target is at the high, where I will be looking for a double top. Second target is at the 1.618% fib of the current correction.