Example of a Shooting Star candle, bigger drop incoming?
MU formed a Shooting Star on the Weekly chart. And looks like a Pipe Bottom is shaping. This could signal more bearish movement, at least towards the 0.382 fib level where it may find enough support and consolidate. Looking to buy at that level if support shows strength.
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.