Update on AVACTA
Updated
Heres my update on AVACTA
Thinking that the run could just continue, and it might. But I always feel that when I am most bullish as a result of a long run up and its time for a bit of down (for now).
Bearish divergences on 1 to 6 hour time frames.
Seem to be forming this rising wedge, that looks like it could break to the downside.
We are at historical price resistance, back within an old channel. Id be looking to buy 118-121p and then bottom of the channel once more, which also aligns with the 0.628 fib level.
Thinking that the run could just continue, and it might. But I always feel that when I am most bullish as a result of a long run up and its time for a bit of down (for now).
Bearish divergences on 1 to 6 hour time frames.
Seem to be forming this rising wedge, that looks like it could break to the downside.
We are at historical price resistance, back within an old channel. Id be looking to buy 118-121p and then bottom of the channel once more, which also aligns with the 0.628 fib level.
Note
0.618 fib level*
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