After breaking out of a bullish rectangle, FSM has broken out and run up (made some profits on that move). However, it is now entering the Potential Reversal Zone of a bearish crab. Conservative target is B and aggressive would be C. If I was doing shorts I would risk 5%, but probably would get out if it had momentum above the marked historical resistance. Up to you for your own risk management. Not financial advice. Also looking a little overbought.
Kommentar:
Entry would be as it approaches the resistance and PRZ. 1.618 is around 9.50 -9.52 ish. Not exact of course.
Kommentar:
Hit Target 1 for a 27% profit!!