If the bearish rectangle breaks its support, the Trend-Based Fib Extension indicates a price target of $21.01
Once the Support Trend Line in Green is compromised, I would believe it could be a fairly rapid move down to $21.01.
Other possible target price targets:
$18.56
$17.28
$15.45
If the price starts to move towards $15.00 then I would be surprised if we hit $12.01
Once the Support Trend Line in Green is compromised, I would believe it could be a fairly rapid move down to $21.01.
Other possible target price targets:
$18.56
$17.28
$15.45
If the price starts to move towards $15.00 then I would be surprised if we hit $12.01
Trade closed: target reached
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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.