Reached the peak of the megaphone developed since January 2015.
Expecting 0.5 fib pull back of the leg starting from $41.98 before resuming the uptrend to $77 range.
Given that $54 have been a strong resistance earlier (and now a support), it could be a potential target to start closing short.
Entry: 59.36/60.48
Stop loss: 62.65 (new highs)
Take profit: 52~54
Expecting 0.5 fib pull back of the leg starting from $41.98 before resuming the uptrend to $77 range.
Given that $54 have been a strong resistance earlier (and now a support), it could be a potential target to start closing short.
Entry: 59.36/60.48
Stop loss: 62.65 (new highs)
Take profit: 52~54
