Fib levels are stacking up at these levels; geometry is also on our side.
Expect bounce from -
- .786% Fib
- Median line
- 1.272% extension of Y.
- Previous structural support and resistance.
- 200 Weekly EMA also lines up.
If volume spikes and we get a reaction, I believe we could have capitulation.
Proceed with caution.
Expect bounce from -
- .786% Fib
- Median line
- 1.272% extension of Y.
- Previous structural support and resistance.
- 200 Weekly EMA also lines up.
If volume spikes and we get a reaction, I believe we could have capitulation.
Proceed with caution.
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