The pattern looks interesting. It looks kind-of FALSE BEAR FLAG with the pole being far away due to the GAP.
The FIB. corrective levels are clearly defined, and thinks we should see minimum back $ 300-310 for now.
BUY current $ 220 or if long slightly higher, one adds to it. NO Stop loss I can suggest due to the oversold nature of this market.
profit target $ 285-290 at first, but likely $ 300-320.
The FIB. corrective levels are clearly defined, and thinks we should see minimum back $ 300-310 for now.
BUY current $ 220 or if long slightly higher, one adds to it. NO Stop loss I can suggest due to the oversold nature of this market.
profit target $ 285-290 at first, but likely $ 300-320.