FAANG made a big 76 low. When this happened, this became a critical break level for FAANG - however, it did not break. Instead it rallied and then held the 61. This may have been signs of the end of the downtrend in FAANG, for now at least.
Still unsure if this would be more likely to be a new high of just a 76 retracement of the drop/double top style move. But I have a strong long bias while above the 61.
Still unsure if this would be more likely to be a new high of just a 76 retracement of the drop/double top style move. But I have a strong long bias while above the 61.