Week 3 Line Chart Idea 2: MEBL with Fib Retracement

This analysis employs Fibonacci retracement levels on the MEBL line chart to formulate a trading plan.

Trade Plan:

Entry Price/Buy Limit: 209.02
Stop Loss: 194.40
Lot Size: 68
Take Profit Targets (TP):

TP1: 223.64 with Risk-Reward Ratio (RR) 1%
TP2: 238.26 with RR 2%