$MWIDE Weekly Chart as of November 13, 2017 |
Notes:
1. Price is approaching 100% Fib Ret level.
2. Moving averages are pointing up.
3. CCIs are above zero level.
4. Stochastic is turning up.
5. Sample Trade (with assumption that a break out at 100% Fib Ret level will definitely happen)
- Entry Price: 18.66
- Exit Price: 22.61 (+21.2%)
- Stop Loss: 17.0739 (-8.5%)
- Risk Reward Ratio: 2.48
Mind the levels, manage the risks.
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