Traders,
UPDATE: Trade is moving very well since I last posted (see related ideas) I hope you had your own tested trading strategy to trade this move.
Previous analysis: Strong bullish engulfing signal after a series of narrow range doji's at a major correction level after a bullish impulse leg. Price corrected nicely into the Fibonacci retracement level, simultaneously retesting the exponential support level, offering a nice launchpad for upside move to the highs of the range. Move is an impulse leg, with a 3 wave measure move target.
Thank you for your support.
UPDATE: Trade is moving very well since I last posted (see related ideas) I hope you had your own tested trading strategy to trade this move.
Previous analysis: Strong bullish engulfing signal after a series of narrow range doji's at a major correction level after a bullish impulse leg. Price corrected nicely into the Fibonacci retracement level, simultaneously retesting the exponential support level, offering a nice launchpad for upside move to the highs of the range. Move is an impulse leg, with a 3 wave measure move target.
Thank you for your support.
