PTON
Strong impulse move here for PTON. I'm expecting a correction/retracement to the 50-61.8 level of this Daily candle. If you noticed we are in a position to spring forward here. Break above bullish falling wedge, Confirmed break out, Confirmed retest of previous month 61.8 level.
I expect a 108-110 entry for contracts 2 weeks out to look for the close of the gap at 118 on the 4hr candle.
A close on the day below 108 makes this trade invalid.
Running from 61.8 to the 1.618 level and closing
one contract and if possible closing at 30%
I expect a 108-110 entry for contracts 2 weeks out to look for the close of the gap at 118 on the 4hr candle.
A close on the day below 108 makes this trade invalid.
Running from 61.8 to the 1.618 level and closing
one contract and if possible closing at 30%
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