ABCL — Watching for Bounce or Breakdown at Support
Symmetrical triangle breakdown on the 15m sent price back to the 0.786 retracement near $3.91. This zone now acts as a key inflection point.
📈 Bullish Scenario:
If buyers step in here, a reclaim above $4.00 could trigger a breakout toward $4.10 and then $4.34 (1.272 Fib extension) — offering up to 11% upside.
📉 Bearish Scenario:
Failure to hold $3.91 could lead to further downside toward $3.77 (0.618) or even $3.66 — offering up to 6% downside.
📊 Watching for reversal candle confirmation + volume shift before entry.
Symmetrical triangle breakdown on the 15m sent price back to the 0.786 retracement near $3.91. This zone now acts as a key inflection point.
📈 Bullish Scenario:
If buyers step in here, a reclaim above $4.00 could trigger a breakout toward $4.10 and then $4.34 (1.272 Fib extension) — offering up to 11% upside.
📉 Bearish Scenario:
Failure to hold $3.91 could lead to further downside toward $3.77 (0.618) or even $3.66 — offering up to 6% downside.
📊 Watching for reversal candle confirmation + volume shift before entry.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.