SHORT interest is over 8%.
The target is D.
Possible stop below C.
This pattern forms over and over in the market and is a measured move down. Price hits C and goes back up. When D is reached, the target, this pattern often reverses.
The Auto-fib indicator on TV can help one spot this pattern. C will be at the 0 level of the fib table using this indicator. If price goes too much below C, the pattern is not valid.
No recommendation
The target is D.
Possible stop below C.
This pattern forms over and over in the market and is a measured move down. Price hits C and goes back up. When D is reached, the target, this pattern often reverses.
The Auto-fib indicator on TV can help one spot this pattern. C will be at the 0 level of the fib table using this indicator. If price goes too much below C, the pattern is not valid.
No recommendation
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.