SMH, the semiconductor ETF has completed a beautiful combo correction and it appears wave 1 and 2 are already in!
Trade plan
Entry- Break of first supply zone
Stop loss- Will take loss if price cannot turn supply into demand
Price target- Overall price target for Wave 3 is 260, but I will be scalping in between the overall move to 260 using the zones as price targets and stop losses
Comment with any questions regarding the chart or trade plan :)
Trade plan
Entry- Break of first supply zone
Stop loss- Will take loss if price cannot turn supply into demand
Price target- Overall price target for Wave 3 is 260, but I will be scalping in between the overall move to 260 using the zones as price targets and stop losses
Comment with any questions regarding the chart or trade plan :)