Daily 200, wait! I’m coming

363
Falling knife, no guarantees.
History shows that at the daily 200 it rebounds, and it's almost at $168.

Excellent company with solid revenue, the drop is caused only by fears of reduced sales without any real evidence."
Trade active
Get 2/3 of position at 169,5$
I keep the rest in case of a drop below or to add later

snapshot
Note
Trying to restart
Must close above the 174,4$ light blu resistance

snapshot
Note
Price will probably touch weekly sma50 (red line) before recovery

snapshot
Note
Fibonacci retracement and volumetric POC show 151,5$ as a target for this drop

snapshot
Note
Knife wins, price dropped more than daily 200

Volumetric POC and blu resistance will probably be inversion point

snapshot

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.