I personally see this S/T sell-off in AWE as a potential re-entry opportunity as she heads towards what I think is a good low risk buying zone($1.22 - $1.13). Why?, because...
1/...we are approaching another re-test of the breakout level(see Dominant candle day break of grey downtrend line at about $1.18).
2/...The 'structural' price support(between the two pink lines).
3/...Intersection of two tynes of the Andrew's Pitchforks(A.P.'s)and the upper price support @ $1.22.(The question does arise..which A.P. is going to remain the dominant one...blue or yellow...we should know soon!).
4/...RSI approaching trend support(actually hinting we are very near a swing low ...i.e. if it is to hold!).
5/...Just may be the "White Ghost" pattern shown is indeed a bottoming pattern and therefore that L.S. should fall within the zone mentioned. The measured move potential for that pattern once confirmed(break above $1.43) is ~ $2.00!
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