Filling a Gap
I've identified a possible gap that needs to be filled between .386 and .35 - highlighted in the purple box. There is just a single wick going through this zone. I've placed a fib retracement on the chart for a bottom in at .35 and a high of 3. This produces a target in the $4.60 range.
This is all just speculation of course. The chart does seem to be flattening out. I believe a reversal is imminent.
This is all just speculation of course. The chart does seem to be flattening out. I believe a reversal is imminent.
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.