Make or Break time
Approaching the must hold line of the bottom of the ascending wedge (gray PT line). If it breaks through, it can easily slice down to the $19 level. If it is a reversal pattern, look for a bounce off that gray line with a new price target of the top gray line. It is important to put this in broader market context. The Fed has DOUBLED their planned tightening and the market volatility is way beyond normal--- i.e; reminiscent of prior big drops. Be careful and be nimble trading. Be patient before entering a long term trade. GLTA.
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.