Spotify Technology S.A.
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SPOT breakout failure ?

110
SPOT has been trading in this range since December 2018.
Yesterday we saw a gap up on a volume spike at the top of the range.
Typically that would be a very bullish signal if it closed outside of the range with a solid candle but as you can see on the chart, it closed in weakness at the bottom of the range.
Let's take a look at the fibs action :
High of yesterday's candle almost hit the 1.618 (165.03) and reversed to close just above the 1.272 (154.54) @ 155.78
A close today below the 1.272 and the close of yesterday might take us for a ride to fill the gap below back to the 142-143 area
交易結束:目標達成
Taking profit on the gap fill

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