Revised reversal levels
Update August 7, 2020
The downwards thrust and harmonics seems to point the reversal lower than $3.37. The support could be from any of the following
1. Historical support of $2.86
2. $2.28 (78.6 Fibonacci level co-incites with the price pattern completion AB=CD pattern and the trendline support-Green line) Refer to purple box
3. 5 waves to complete pattern C (estimated projections)
The reversal is possible at any of this above levels. Look for reversal candle stick and uptick in volume and momentum.
The downwards thrust and harmonics seems to point the reversal lower than $3.37. The support could be from any of the following
1. Historical support of $2.86
2. $2.28 (78.6 Fibonacci level co-incites with the price pattern completion AB=CD pattern and the trendline support-Green line) Refer to purple box
3. 5 waves to complete pattern C (estimated projections)
The reversal is possible at any of this above levels. Look for reversal candle stick and uptick in volume and momentum.
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