I could be dead wrong about this, but this doesn't look too promising to me as far as a moonshot in the near future. The pink dotted long term trend line has been tested over and over, and we just confirmed it as resistance again as well as the 50 and 200 EMA. We may be looking at a retest or double bottom at the pink dashed trend line.
*I'm not a professional. Trade at your own risk. I'm simply sharing my opinions and views, and you should conduct your own personal research."
*I'm not a professional. Trade at your own risk. I'm simply sharing my opinions and views, and you should conduct your own personal research."
評論:
I may be calling the resistance confirmed a bit early. It looks like we are still testing it. Look for confirmation one way or the other before you make any big moves.
評論:
Probably worst case scenario here assuming we don't just double bottom and bounce, but just something that scares me a bit (Not really measured or anything, just slapped on for the general idea of ABCDE and where it'd hit the bottom support of the current downward channel if we get an E)
評論:
Best case, we find support on 200 EMA (Purple) and bounce, but be mindful of closing in on potential bearish cross on MACD for the daily chart
評論:
Looks like we had a bounce from support and are currently retesting 200 EMA Resistance. Look for a close above.