Yellow lines - Downtrend
Greenlines - Rising wedge
White line - gap close / short term target
Red arrow - Possible path
Purple line - trend line broke
I think we close that gap by tuesday. If we dont get a bounce there, there is heavy fib support in 74$ area plus wedge support intersects in that area. From there i expect another trip back to 86 either from a earnings run or because of the results of a good earnings.
Greenlines - Rising wedge
White line - gap close / short term target
Red arrow - Possible path
Purple line - trend line broke
I think we close that gap by tuesday. If we dont get a bounce there, there is heavy fib support in 74$ area plus wedge support intersects in that area. From there i expect another trip back to 86 either from a earnings run or because of the results of a good earnings.
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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.