Commencez
xtremerider8

CIBR Cybersecurity: M-pattern may retest 0.618 pivot near 34

First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR)  
xtremerider8  
NASDAQ:CIBR   First Trust NASDAQ Cybersecurity ETF
Harmonic Patterns Technical Indicators Fundamental Analysis CIBR cybersecurity
0
0
harmonicpatterns indicator fundamental cibr cybersecurity
CIBR seems to be making a M-pattern & is now at 39, a 50% retracement. If the yellow zone does not hold 39, then the next will be the 0.618 pivot support at 34 which is also a 200% retracement of the latest rally.
34 is also located near the base of my slanted FIB CHANNEL. 34 may be the bottom of the ABC correction & the start of a new 5 wave uptrend inside this FIB CHANNEL.
After this correction, Cybersecurity & Defense stocks should do well in these times of geo-political unrest.
Not trading advice
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.