MAKE SURE TO HAVE STOP LOSSES IN PLACE ON THIS ASSET.
DOUBLE TEST OF .382 fib IS ALL IT TOOK ? PRICE ACTION SEEMS LIKE IT SO FAR !
ALSO TO NOTE....BROKE OUT OF DOWNWARD RESISTANCE IT'S BEEN IN SINCE MAR '19
On the daily you have hidden bullish divergence coming off of bottom support line.
This might be the prettiest chart I’ve come across. Historical support from 2009 ! Gap fill around 27.00 Could be a good one
SHOWING TRIPLE MAC D BULLISH DIVERGENCE ON THE 4HR TIME FRAME.....GETTING PRIMED ?
BROKE STRUCTURE....LET'S SEE WHAT KIND OF FOLLOW THRU PRICE ACTION WE GET IN THE NEXT WEEK OR SO.
ACB about to complete pattern. Should be nice move up if and when it breaks out
BACK TEST COMPLETE ? RISING WEDGE BROKEN. WILL WE SEE SOME FOLLOW THRU PRICE ACTION TO THE DOWNSIDE TOMORROW ?
LAST ONE. THIS LOOK MAKES A LOT OF SENSE TO ME AT THIS TIME.
COULD BE BACK TEST ON BASE LINE OF DOUBLE TOP PATTERN. KEEP CLOSE EYE OUT. THE MEASURED MOVE OF THE BASELINE BREAK IS JUST UNDER 27.00 . BE CAREFUL
ON LOWER TIME FRAME.....DOWNWARD WEDGE TOUCHED FIRST FIB TARGET SHOWING BULLISH DIVERGENCE ON ONE OSCILLATOR.
SO FLAG THEORY DEBUNKED IN SELLOFF. FIB LEVEL RETRACE IN PLAY NOW? 23.58-31.66 POSSIBLE RANGE FOR PULL BACK.