"CIEN, 15-minute chart, Fibonacci lines over the opening range. Price chopped around the retracement zone and then formed a nice hammer on top of it at 11:45, with support from the 5EMA. I exited at the Fibonacci extension, and re-entered on a break of the 1:30 hammer bar for a "beyond the Fibonacci extension" setup. I exited at $13.50 for a nice gain."
Stocks Setting up for 8 % to 20% move Sept 29, 2016
10 hours ago