Updated

AA eyes on $40: about to Break-Out or Lower High?

AA has been climbing over the last month.
Currently testing a major resistasnce zone.
Look for Break-n-Retest or Triple-Rejection.

$ 39.81 - 40.27 is the exact zone of interest.
$ 41.63 - 41.97 is the next resistance above.
$ 36.09 - 36.57 is a Must-Hold support below.

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Trade active

Dipped EXACTLY as marked

(yellow shaded area is from posting time).

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Zoom IN (m5)

We got an EXACT rejection, then EXACT retest.
Agressive stop loss would be placed at $40.24.
Longerm holders' stop loss should be at $37.99.

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Trade closed: target reached

POP

(Yellow shaded part is from posting time).

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Zoom IN (m15) with some notes:

Interesting development:
Resonating amongst the "Covid fibs".
That is wave from Covid bottom.
Wave driven by Stimulus printing.

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So we have some key levels to watch:

$ 46.27 now obvious resistance and possible TOP.
$ 42.56 needs to be flipped into Support ASAP.
$ 40.27 is a MUST hold to keep the momentum.

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag