There have been a number of small and midsized caps i have laddered into, that have gapped up from their respective macro bottoms, why for myself i am laddering into every retrace at these zones. As i see great value, I'm not looking for one perfect bottom entry but an even spread into the macro bottom zone. A weekly TD sequential perfected 9-9 count into macro support, caries alot of weight as a reversal point in PA for a macro cycle run to the high. IMU also created a nice double bottom to begin the local PA accumulation before reversal to the high. The sequence of a double top drop with divergence sets up this bottoming pattern reversal also. PA “may” wick down touch lower , but i view this zone as a reversal zone, limit orders are waiting if we do get any wicks lower. NFA DYOR 4hr TF chart below weekly TF above
IMU Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
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