Possible stop below C or last pivot low
Price is over top band which means a lot of momentum going on! Price eventually returns to the bands, but price can also ride the upper band for a while. These bands are set with an 80 SMA verses a 20 so are more extreme.
The long legged doji could be pointing to support with it's candle tail.
No recommendation. I am in for the long haul though.
I copied the AB leg and moved it to C projecting it up. This would be 100% of AB, or AB=CD. CD can be a lesser fib level or an extension of the AB leg. Target is D.
This is a common correction pattern.
Green triangles are pocket pivots.
Price is over top band which means a lot of momentum going on! Price eventually returns to the bands, but price can also ride the upper band for a while. These bands are set with an 80 SMA verses a 20 so are more extreme.
The long legged doji could be pointing to support with it's candle tail.
No recommendation. I am in for the long haul though.
I copied the AB leg and moved it to C projecting it up. This would be 100% of AB, or AB=CD. CD can be a lesser fib level or an extension of the AB leg. Target is D.
This is a common correction pattern.
Green triangles are pocket pivots.