UPST's Bounce Off Symmetry Support
Carolyn Boroden identified a trade setup in UPST for members of her Fibonacci Markets & Stocks service.
Seeing a symmetrical decline into the July 15 low that was very similar as the previous decline that ended in mid-May (both sell-offs totaling a little over $84 in giveback), Carolyn saw an opportunity as symmetry support held.
The entry was with the 30-min chart with the 8/34 ema crossover and it also took out a prior swing high. See charts below.
"So far we've seen a $92 rally off this simple setup," Carolyn explains. "There are still higher targets but it's always good to trail up stops as you go."