The market is open and back to frustrating both longs and shorts alike. Don’t let the fog of frustration cloud your judgement and keep you from taking positions you know you should. Keeping that in mind, here is one I know you should:
While the chart appears “busy” it is actually quite simple really.
A bullish falling wedge setup, coming into support (78.6% Fib Retracement and lower bound of the value area range.)
There aren’t options yet so stock it is. I’ll be long on any dip with a stop in the mid $25s at some random number the machines aren’t targeting.
Happy Trading!
OC