$TURT Bullish Dragon reversal
Real nice dragon here on TURT. Adam / eve style double bottom with a measured move up into the 618 retracement, which would also be the first target of the dragon.
From here id love to see a checkback of 0147, before moving away from the lower end of the range here, which would be a confirmation that resistance is now support and offer a good level to lean on.
Likely to find some resistance into the genesis level there, and could expect to see high and tight consolidation, confluent with the idea of a partial decline or SOS phase of wyckoff accumulation.
Above there, the 382 and 50% would also be zones of supply, and targets to taper out at on the way up. I would look for the final phase of this pattern to finish with a thrust into the 786 / 2.618 extension, before a deeper correction, but again, its important to taper out to maximize profit in the event of an under performance or rejection at the 618
From here id love to see a checkback of 0147, before moving away from the lower end of the range here, which would be a confirmation that resistance is now support and offer a good level to lean on.
Likely to find some resistance into the genesis level there, and could expect to see high and tight consolidation, confluent with the idea of a partial decline or SOS phase of wyckoff accumulation.
Above there, the 382 and 50% would also be zones of supply, and targets to taper out at on the way up. I would look for the final phase of this pattern to finish with a thrust into the 786 / 2.618 extension, before a deeper correction, but again, its important to taper out to maximize profit in the event of an under performance or rejection at the 618
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