Mytradertalk

Mytradertalk

XABCD pattern Failure to go higher, price is a little over extended

Mytradertalk

Clear rejection . Might recover 50% of its draw down before it sinks again.

Mytradertalk

Big institutional price movements. OANDA:USDCAD . As you can see there's a lot of rejections. You are more likely to find a better entry leading to next week for a retest. Overall, I am fine with the risk fading it right now. If it does pull back i will add on more to the position.

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I'm anticipating first solar to fill that imbalance that has till around 306. It also rejected off the 50 EMA twice indicating a lot of support around the 190 to 210 area.

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My prediction on DRN is that it’s going to break out to 78 range and go on the upside to fill that imbalance.