When I look at VKNG, I see a catalyst beginning of October, a trend forming, and a retracement coming in.
Notice how the pattern has formed so far, and notice how it reacted at the first retracement, and now forming resistance at the 2nd retracement.
My trade on this goes:
Sell .60, re-evaluate, sell .72.
Another approach is to ss it at these levels
This is a prediction, according to Fibonacci ahead of the action. Now see it in real time. (doesn't mean it goes straight to those levels. could easily fail here as easy as it skip levels, but it will follow them nicely)
So again, .60 --> .72 --> .86 --> 1.09
Don't be afraid to sell it early.
This trade will be verified via profit.ly

No comments:
Post a Comment