Oversold, in a broadening formation

ADSK has nearly tapped ATH recently and fell down with the market weakness. It seems to have rallied and looks oversold. Fib retracement was done from recent swing high to low, levels included. Ideally an open at or above the current level right at the fib would backtest and hold, providing ideal entry.
Comment: This needs more time and slid market conditions, notably the price action bottomed out on the trend line, giving some confirmation it is an accurate tool to assess the price action.


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