Recent Pullback, page-4

  1. 177 Posts.
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    Chart for those who may be interested.

    Breach of the medium term upward TL. Price might now look to ebb a bit further down and possibly look for support to form around the $5.10 range which provided previous support ,61.8% fib confluence in this area too. So could potentially see some climactic action around that region and from a trading perspective this could be a short term swing point.

    From a longer term perspective, best case might be for it to get caught in a trading range, look to consolidate and form a strong base and then move up backed up by increasing volume.

    IMO of course.
 
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