Stock number 2 I have to outlooks, This is the first view and the one i would act on, you zoom out of the chart so its nice and tiny to look and the ebb and flow and structure very, very bearish. With that said where is the trade. Well trade has already happened. Market put out a low at 13 cents, and catching the pull back at the fib .76 would have went short at 8.12 target is 13 cents. My stop would have be a 10.62 which would have triggered. I would have gone short again on the retrace only because the high did not close above previous structure high target still 13 cents and stops at 10.62 currently at 2.87. Absolutely pronominal trade with great risk reward ratio.
