$MELI Hitting Resistance - Candle of Death

MELI Hitting Resistance - Candle of Death

Looking over-extended with the gravestone doji on 4 hr chart - finding resistance at the 1.618 fib level. High risk short play.

Short term target - $880.00

If 20d ema line is broken we could see $800 near term.





Note: Education analysis, not investment advice.