If we trade lower i'll update this idea with new targets.
Cheers and GLWT!
RSi and MFI are still trading above 50 - we are bullish. We are looking for a pattern similar to the one circled on the RSI and MFI. This is a kind of parabolic impulse wave. At that point we think hard about exiting our position entirely. For now I see no sell signals.
Keep in mind if we contiune to breakdown, we will begin to look at the daily chart. The EMA200 is far down at $6800ish.
If we breakdown, here are the levels to watch.