Echo Trade Entry – EWZ
EWZ has setup a nice echo pullback and I am expecting a move higher to $42.60 target 1 or $43.60 target 2, with potential for much higher targets. Support zone as marked down to $38.60 area. Resistance to clear around the $40.80-41.10 area.
**We may see a pullback before the run to the targets, just be ready for it if it happens.**
Buy $41 – Sept 17, 2021 Calls
$1.81 (plus or minus $0.10)
$40.80 – $41.10
Target 1 $42.60
Target 2 $43.60
You are welcome to use different strikes, expirations, or even directly use stock.
If this is your first echo trade I strongly suggest watching the masterclass for proper trade sizing in your account BEFORE taking the trade.
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