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raoulduke415
Jun 6, 2018 9:04 PM

Reversal Incoming Short

First Majestic Silver Corp.NYSE

Description

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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