Currently we bounced off the 3D FVG. But if weekly closes as it (meaning, below old ATH 69K) and with a need for a pause in the parabolic move (indicators saturated, OI throught the roof), I think there's confluence for a revisit of the 53K LVL.
Down there are:
- POC of the whole last upside
- 61.8% of fib retrace
- a 1 week orderblock
- a sensitive area for the...
there's possible confluence between 2020/2021 rally's 61.8% fib retracement and 1.27% fib extension, plus a minor support in the circled area.
that's almost 30% correction, would take a lot of time to develop and would cripple investors. cant really see it happening tho.
historical chart is vertically scary, thus you always feel the opportunity to invest in this stock has already passed, but here goes nothing.
seeing a change of flows in the monthly chart signalling a possible retrace, i found confluence between 61.8% fib retracement from the whole move up since covid crash + POC at the same level for equal period + 1.27 fib...
