Today, the price continued to retreat off the recent highs within a projected consolidation area. The price follows the market action theory. The wild swings and spikes are the reactions on the headlines. Until the earnings are posted I anticipate to see a consolidation. One can trade the edges of the balance. Since the price is in an uncharted territory it is impossible to say if the top is reached. However if the price breaks to upside you can add 100% extension of the balance. That would give a good estimate of the next target.
10/16/2019
10/16/2019
