NYSE:C has full-time frame continuity going to the downside, but we are preparing to go into another quarter, month, and week starting Monday. We just had a pullback and on the 4h chart, price action is sitting in the golden fibs zone (61.8). The risk/reward ratio is 6:1. Could swing with a April monthly contract.
Full-time frame continuity across several higher timeframes, and a possible reversal happening on the 4h chart. Has a risk/reward ratio of 2:1.
1. There was a gap down on the daily chart 2. When price retraced back up to the gap, there was a failed swing high. 3. A 2H internal ssl was taken, buyers maybe sitting here, preparing to load the clip and retrace back into the gap above for the second time with more ammo. 4. Because of latest momentum in stock market, this could be a bullish move higher. 5. Tech...