Anything could happen next week but per the chart we may possibly have and head & shoulders.
Also notice price breaking down below the 10 EMA with significant volume.
Possible Entry Breakdown of $10.65 (or retest rejection)
Possible Stop Loss Above $10.80–$10.85 (right shoulder / 10 EMA buffer)
Possible TP1 $9.99 (psychological)
Possible TP2 $9.68 (previous demand)
Possible TP3 $9.54 (measured move target from H&S)
Possible R/R (TP2) ~3.5:1
Be very careful watch out for fake outs and use lower time frames, have a nice day.
Also notice price breaking down below the 10 EMA with significant volume.
Possible Entry Breakdown of $10.65 (or retest rejection)
Possible Stop Loss Above $10.80–$10.85 (right shoulder / 10 EMA buffer)
Possible TP1 $9.99 (psychological)
Possible TP2 $9.68 (previous demand)
Possible TP3 $9.54 (measured move target from H&S)
Possible R/R (TP2) ~3.5:1
Be very careful watch out for fake outs and use lower time frames, have a nice day.
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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.