IMUGENE CHART. TA only, page-32816

Hey all

Took a few more entries and exits on IMU over the past 4-8 weeks.
Did not eventuate how I thought, but oh well, keeping at it.

This did catch my attention today.
I posted about this level back in April, and the way the price was moving if it will tag it.
Looks like today was the day.
100% price extension from last major range was hit.
Now I expect some support at this level, but not to say it won't hover below it during the day.
Like @slick famously says, wait and see what the market offers.
If we manage to test this 100% level and close above it for 2 weekly bars, I believe the low has been reached and we'll be gearing for the bounce off it.
IF on the other hand, we struggle to stay above this level, we're going straight for that 150% price extension.

Then again, as I have stated above, got in and out with some disappointing results - so who's to say I'll be right this time.

Good luck all, I appreciate the quality posters, even though sitting quietly in the background.

Cheers