Pretty funny the heckling I received when up at $12 or wherever I said SKLZ would see $6.7, well guess what its going to $2.
Still early on this weekly candle but its looking very bearish following a gravestone doji reversal fakeout back into the 1:1 fib. This can be seen to be a re-test before the next wave down.
Next fibs long and medium can take price down to a 1:1 target of $2.28 which with some short range fibs will probably see price overshoot to $2 area, maybe slightly more.
And if it gets there weekly RSI will go oversold which has always been a thorn in my mind for SKLZ reversing in $6 area.
A wyckoff spring type reversal in this area is still not entirely out of the question but looks very unlikely now.
See you at $2 😄.
Not advice.
Still early on this weekly candle but its looking very bearish following a gravestone doji reversal fakeout back into the 1:1 fib. This can be seen to be a re-test before the next wave down.
Next fibs long and medium can take price down to a 1:1 target of $2.28 which with some short range fibs will probably see price overshoot to $2 area, maybe slightly more.
And if it gets there weekly RSI will go oversold which has always been a thorn in my mind for SKLZ reversing in $6 area.
A wyckoff spring type reversal in this area is still not entirely out of the question but looks very unlikely now.
See you at $2 😄.
Not advice.
Note
Well on its way.Note
Down another 13%. Where's that guy gone that said it can't go below $10 @mopper2019,
Your FA guru can't read a chartðŸ’
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Your FA guru can't read a chartðŸ’
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.