AGRS long setup with fib spiral

3 Jan

This trading strategy revolves around the Fibonacci spiral, which begins at the key level of $0.90. Our approach is based on projecting price action over a 90-week time frame, starting from the all-time high in February 2024. The key concept here is to anticipate where price could square time and reach a natural resistance level in sync with Fibonacci extensions.

We are targeting price levels where we expect potential reversals, marked in green as areas for profit-taking. The Fibonacci spiral serves as a dynamic guide for progressive resistance, helping us track the evolving trend and set realistic targets.

This idea aligns with both time and price cycles, leveraging Fibonacci’s geometric principles for a more structured approach to long positions.
Stop loss is up to you. Be advised that if the first tp doesn't hit, it can correct down to 50c.

KEY TAKE PROFITS DATES:

$3.46 Feb.13
$6,06 Mar.26
$8,65 May 4
$11.19 Jun. 13

Price and dates levels can be of course switchable between themselves, but the correctly time price squaring is as it follows.

1 Mac

Dagangan aktif

the firsr date failed and it effectively fell to 50 cents. price targets remains the same, only now for March 26 the price will be 3,46 rather than 6.06 and so on