Our target for this trade is not to Hodl or shoot for the moon, I am hoping that enough people learnt the risks of that in this recent corrective phase. We are simply targeting a very precise looking level which is also strengthened where it meets the . I think there is a fairly strong case for this overlay, looking at the price history.
Best of luck!
The base x 7 gives a level which closely corresponds with a 38.2% fib retracement level and also the point where the 1 x 1 of the fan from the swing low meets the 8 x 1 from the ATH. Seems a decent target to me.