The previous fractal pattern in April indicated 32% downturns from the previous lower point. That would coincide with a Fibonacci level at the $0.39 price mark. Plus with the big red candle seen on the SNL day, the bears are still here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
