Here's what I'm thinking,
BCN will continue to respect the orange channel for another day or two.
It will find support on the 0.786 fib level and also the two red horizontals from the time it consolidated before it's last leg.
If it breaks the orange channel, it will find resistance at fib levels and the blue trend line.
Let me know what you think!
BCN will continue to respect the orange channel for another day or two.
It will find support on the 0.786 fib level and also the two red horizontals from the time it consolidated before it's last leg.
If it breaks the orange channel, it will find resistance at fib levels and the blue trend line.
Let me know what you think!
Comment:
BCN respected the 0.618 fib level and consolidated. I cancelled my buys until further analysis.