TA
- Habit of gapping up and dumping before market close ( currently has done so with 786 fib)
- Currently has 2 gaps left open at 44 levels
- Incredibly heavy resistance overhead
A Trendline/.618 fib fan Channel at about 38.5-40 level
Heavily tested Fib level at 38.95
- Rising broadening wedge formed and primed to fail again
- Harmonic Bullish ABCD formed with pt at $44
Verdict - Test $34 support range (possible break below support to $30 for a Reversal at 886 fib level) then break falling wedge pattern to $44 then a retest to 618 fib at $38 then higher highs if market sentiment and volume flows
Entry - $34
Pt - $44
- Habit of gapping up and dumping before market close ( currently has done so with 786 fib)
- Currently has 2 gaps left open at 44 levels
- Incredibly heavy resistance overhead
A Trendline/.618 fib fan Channel at about 38.5-40 level
Heavily tested Fib level at 38.95
- Rising broadening wedge formed and primed to fail again
- Harmonic Bullish ABCD formed with pt at $44
Verdict - Test $34 support range (possible break below support to $30 for a Reversal at 886 fib level) then break falling wedge pattern to $44 then a retest to 618 fib at $38 then higher highs if market sentiment and volume flows
Entry - $34
Pt - $44
Commentaire:
Drop worked like a charm, if volume doesn't pick up we can see $30 again. However, if we do, LOAD TF UP