$FIRO 3 rising valleys / Bullish Dragon
Nice macro bottom structure here on FIRO.
Holding this lower zone here, historically will take you to 2.90-4.36 first.
Im personally targeting the local extension at 6.52 just shy of the 618, however, the measured move of the larger double bottom here would take you thru the range high at 9, and likely into that 12.63-15 zone.
An extension of last julys impulsive move up would be 24$ which would be the final target with potential for 1545%.
The levels are there for a reason, ill follow them for guidance taking profit along the way, with the 618 being a major stall out period more than likely, and would remain bullish if consolidation stayed high and tight for a partial decline.
Holding this lower zone here, historically will take you to 2.90-4.36 first.
Im personally targeting the local extension at 6.52 just shy of the 618, however, the measured move of the larger double bottom here would take you thru the range high at 9, and likely into that 12.63-15 zone.
An extension of last julys impulsive move up would be 24$ which would be the final target with potential for 1545%.
The levels are there for a reason, ill follow them for guidance taking profit along the way, with the 618 being a major stall out period more than likely, and would remain bullish if consolidation stayed high and tight for a partial decline.
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