APHA - Break out or down?
Important day tomorrow. If the bill gets rejected, the current setup will most likely morph into a reversal pattern. You can see from the way the waves have been progressing here, that everybody is on the sidelines, but not ready to let go.
Weak bulls were shaken out today, and if the news will be positive, prepare for a FOMO ride into the $9 - $10 range.
So far, I think it looks good. Lots of energy to be released. A break lower would likely see the lower $7 retested. Lets just see what happens tomorrow.
Both paths illustrated. A drop lower would imply that the (iii) and (iv) pivots are in the wrong place, a move higher would confirm the pivots points where they are (orthodox top).
Weak bulls were shaken out today, and if the news will be positive, prepare for a FOMO ride into the $9 - $10 range.
So far, I think it looks good. Lots of energy to be released. A break lower would likely see the lower $7 retested. Lets just see what happens tomorrow.
Both paths illustrated. A drop lower would imply that the (iii) and (iv) pivots are in the wrong place, a move higher would confirm the pivots points where they are (orthodox top).
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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.
🅱🄰🆁🅺🆆🄾🆁🆃🅷
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.