EJ is in an uptrend.
Chart below:
Price has pulled back to the 61.8% Fibonacci level where it has formed a double bottom pattern.
Price has today moved back through the averages and I am looking for a long position with the trend.
Levels and Chart below:
1st Entry: 130.60
2nd Entry: 130.40
Averaged Entry: 130.50
Stop Loss: 130.00
Target: 133.00
I will update again should the position be opened.
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