After the false breakout of APT's falling wedge pattern we are now back inside of it. The most key level is our 0.618 which was our old resistance that has now been flipped into new support. We should expect a move back up to our trendline to confirm it as resistance. We are oversold on our 12H RSI so this relief rally back to the trendline seems likely. If we can no longer hold our 0.618 price will breakdown to the bottom of our falling wedge pattern which is in confluence with our 0.786.
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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.