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raoulduke415

Reversal Incoming

Short
First Majestic Silver Corp. (NYSE:AG)  
raoulduke415 Updated   
NYSE:AG   First Majestic Silver Corp.
Trend Analysis Chart Patterns Silver
1
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trendanalysis chartpattern silver
Ascending Wedge testing support. Broke the .786 fib level but immediately fell below it.
Comment:
Broke resistance, but then corrected under. False breakout or a just a throwback as part of a long uptrend
Comment:
Welp. Stock corrected and broke through the trendline, then collapsed through the .786 fib level. Expecting the gap to fill, but watching for the bottom first
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