The goal for this swing play is for the price to float out of its weekly wedge and bounce off of the trend low (of the previous uptrend) and make a move up to test the trend high (of the previous downtrend). The play will only work if the price can float through trend, if not then the move down will continue and the price will be squeezed by the wedge. The potential gains of this play range from 9.40%-14.80% and the max loss is 5.05%.
Fractal Key:
Monthly Trends- White
Weekly Trends- Purple
Daily Trends- Yellow
Hourly Trends- Teal
Exit Targets- Green
Entry Targets- Blue
Stop-Loss- Red
Position Targets:
Entry- 2.77
Exit 1- 3.03 (9.40%)
Exit 2- 3.18 (14.80%)
Stop-Loss- 2.63 (-5.05%)
Fractal Key:
Monthly Trends- White
Weekly Trends- Purple
Daily Trends- Yellow
Hourly Trends- Teal
Exit Targets- Green
Entry Targets- Blue
Stop-Loss- Red
Position Targets:
Entry- 2.77
Exit 1- 3.03 (9.40%)
Exit 2- 3.18 (14.80%)
Stop-Loss- 2.63 (-5.05%)