Gambling. The one thing that will never disappear. With so many cases, I doubt Las Vegas will have many customers and with the digitalization of the world I doubt those casinos will return to their glory days as online gambling will take over.
Here we can see we are inside a channel and if se use volume profile we can see a high volume node along the golden fib. It can be difficult to catch a falling knife, but a good educated guess would be down at the box highlighted. Of course this is no guaranteed but we should be keeping a close eye when it reaches this box.
Here we can see we are inside a channel and if se use volume profile we can see a high volume node along the golden fib. It can be difficult to catch a falling knife, but a good educated guess would be down at the box highlighted. Of course this is no guaranteed but we should be keeping a close eye when it reaches this box.
Comment:
I also forgot to mention the 200 4 hr ema and anchored vwaps from the bottom seems to be forming a cluster just below the trendline.
Comment:
Next level of support would be this area around 36 where there is the .786 , 1:1 fib extension, a volume node and possible the 200 day ema.