Trade Idea #31 - $GPRO - Resurrection or Fatality?

$GPRO has seen massive devaluation since August.

Entering with 1/3rd position. Trade as pending. Will update.

Technical Reasons

• Wolfe Wave 5' Completion
  
• Major Support
  
• Major Dynamic Resistance pending

As a higher risk set-up, consider:

• smaller position sizes
  
• adding to winners
  
• layering orders sub $30
  

Good Luck

Trade geschlossen: Stop wurde erreicht:

Could take set-up again if market looks good.