Updated

ALK one more move left possibly before a retrace.

alk played well in the past but, this fractal looks too similar to ignore the signs.

not financial adive

Note

Note

a better look at our fractal

Note

so we saw a rejection off our midline and a bounce off our lower mid(green under our midline the red)

Note

this area does show some confluence fractal and our fork giving 68$ a mildly reasoning but, our big picture is troubling

Note

with the downside to the fractal but in the long scenario here what to look for

Note

again our fork will provide confluence here but, I would be very concerned with anything breaking too fast on our lower mid area(green line) above the blue line of our low

Note

on a break, we do have our upper mid (green line above our red line) to confluence with our triangle with that is our actual width 8.19 it just happened to line up exactly with it.

Note

levels id watch one our green lower upper midline for support and our pink support line I drew 58.25 anything past there id see it going south for now wait and see how it plays in our current triangle/ zone

Note

ps: didn't mean to post a comment below no idea how to delete

Mr_Dyor

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.

Mr_Dyor