AA has been climbing over the last month.
Currently testing a major resistasnce zone.
Look for Break-n-Retest or Triple-Rejection.
$ 39.81 - 40.27 is the exact zone of interest.
$ 41.63 - 41.97 is the next resistance above.
$ 36.09 - 36.57 is a Must-Hold support below.
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Currently testing a major resistasnce zone.
Look for Break-n-Retest or Triple-Rejection.
$ 39.81 - 40.27 is the exact zone of interest.
$ 41.63 - 41.97 is the next resistance above.
$ 36.09 - 36.57 is a Must-Hold support below.
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.
Trade active
Dipped EXACTLY as marked(yellow shaded area is from posting time).
.
Zoom IN (m5)
We got an EXACT rejection, then EXACT retest.
Agressive stop loss would be placed at $40.24.
Longerm holders' stop loss should be at $37.99.
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Trade closed: target reached
POP(Yellow shaded part is from posting time).
.
Zoom IN (m15) with some notes:
Interesting development:
Resonating amongst the "Covid fibs".
That is wave from Covid bottom.
Wave driven by Stimulus printing.
.
So we have some key levels to watch:
$ 46.27 now obvious resistance and possible TOP.
$ 42.56 needs to be flipped into Support ASAP.
$ 40.27 is a MUST hold to keep the momentum.
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.