If we stay in the orange triangle, but break upwards i see us following the green (a,b,c) if we break below the orange i see us following the red. Anything within the green box is the buy zone (also possible good long entry on low X leverage) TMS
We will see a dump down to $14.50 and then should see some movement upwards. If we dont bounce off $14.50 range then i would expect to go a little lower. RED LINE shows downside, GREEN LINE shows upside: depends on the bounce at $14.5 The GREEN BOX is generally a great buy zone, as well as a prime long opportunity (thats if we drop that low - which...
If the 1,2,3,4,5 pans out - get your long in in the green boy zone (green box) If we break below the red line... We could see a bounce off 12.96(ish)
Just ideas... But i think if we break this 14.5ish level then we going to 17 range if not i think we will see small retrace and steady build over the next week or so Both ways its good for long