Symmetrical Triangle + Simple ABC Correction + Weekly Dynamic Support + Bullish Momentum
BOOT looks to play out a Simple ABC Correction after touching the resistance at 23.22. We had a nice pullback to the weekly dynamic support level of 20.19 which gave us 2 long wick rejections of the Support and 50EMA/14EMA. Look for an upward break of the trendline before entering long. Large Volume spike and price action at this level indicates bottom.
Price Target: 25.95
BOOT looks to play out a Simple ABC Correction after touching the resistance at 23.22. We had a nice pullback to the weekly dynamic support level of 20.19 which gave us 2 long wick rejections of the Support and 50EMA/14EMA. Look for an upward break of the trendline before entering long. Large Volume spike and price action at this level indicates bottom.
Price Target: 25.95
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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.