#Premarket Retracement Sitting on Fib Extension After Bear Flag

Technicals:
1. Trading 15.41 in premarket as of writing, up 3.56%
2. Price has fallen of its inverse apex, and is sitting on a Fibonacci extension (grey arrow)
3. MACD has just pinched
4. Currently watching for a mean reversion after bear flag reversal, or correction to lower trend-line

—
For the complete technical analysis on this swing trading set-up, including full price extensions and bullish/bearish targets, click here: https://compoundtrading.com/swing-trading-periodical-contact

Commentaire:

Correction: MACD is close to pinching