TGT Symmetry Setup Meets Targets

We have met two upside targets in the TGT symmetry setup this week.  Price support was tested and held at the 167.60-169.43 area, and we saw a swing trade trigger on the 15-minute chart for an entry as soon as price crossed above 170.39.  

So far we've seen a rally of just over $23 bucks.  If it continues, target 3 is 200.91, though we want to use a rather tight stop on longs at this point.

Setup + trigger = entry and then you manage it...is the formula to make $$ with this work.


Carolyn Boroden, who is renowned for her expertise in Fibonacci price and timing analysis, hosts the Fibonacci Market Analysis service at ElliottWaveTrader.