DSV getting ready to doom. DSV A/SBearish cross of 20-50-200 in daily. Looking at daily and weekly shows a bubble is popped and the price is going to the mean, which is fib 0.618 zone.
Expecting the dead cat bounce to play out, but I don't expect the price to go further up than the red box.
Green box is fib zone which is at 24x zone.
NOVO_B - BearishNovo will soon hit prev. high. It's a strong resistance line. A cypher pattern is also nearly clear that also can make it go down. Also hitting the 1.414 fibonacci number from previous high to low. MA 200 also started trending down.
Shorting at 355
Stop loss : 377.5
Take profit : 310
Rebound play on Solar?We've seen a drastic fall in Solar the last week.
If we use fib levels, we see crystal clear resistance and support on them, and right now the major rebound retracement matches the minor.
This is testing of a strategy, won't invest myself.
use this as inspiration.
Happy trading.