This is where I would like to stalk an entry in MOMO, with a bigger picture setup in the back of my mind.
Here is the setup with the potential target.
We are still looking for higher targets, but will let Fibonacci define our risk!
This video shows how we set it up and where it triggered an entry.
This setup triggered for both a day trade and a swing trade.
I’ll be watching this zone below the market for possible support in this name.