Holding 61.8% Fib Retracement currently on my daily chart. A strong support that possibly will hold the price. So it can be a good entry point.
Their paper will be published soon, so if outcome is promising we will see another strong wave up. The only thing makes me worry is that May 15th gap. Historically the price always tends to come back and fill the gap, but not necessarily always happens that fast. So I will open positions on Tuesday when market opens.
"This is my opinion, not a trading advise!
Life’s Beautiful with Trading if You Always Use Stop Loss! :)"
MM
Their paper will be published soon, so if outcome is promising we will see another strong wave up. The only thing makes me worry is that May 15th gap. Historically the price always tends to come back and fill the gap, but not necessarily always happens that fast. So I will open positions on Tuesday when market opens.
"This is my opinion, not a trading advise!
Life’s Beautiful with Trading if You Always Use Stop Loss! :)"
MM