Weekly potential 122 at the top of my Quarterly BF
So I was early on this ticker but I felt that run up was a fake out because I didn't the SMH etc following suit. We got our close underneath the monthly .618. We want that 2down trigger this week which will then trigger the 22reversal down on the month.
Price Targets
- $79.58 74.92 and $70.29
Price triggered up on the quarter so the imbalance area is as far as I am will to go until price starts to show me the next step.
Please note price came back into my Quarterly BF and then retested it with a close inside, that's a good sign of continuation down.
*Invalidates with candle body close over $83.97
How to Play?
Retest- A break of 82.43 with a higher 4hr candle body close under.
Trigger- Weekly Trigger & Retest Rejection
