How can I tell if it's likely to be a retest or a breakdown?
UnknownUnicorn1020621
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@liwei199602, Look for a trend break in OBV, also see the DPO. let me check real quick.
UnknownUnicorn1020621
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@liwei199602, OBV is following the trend. DPO and RSI suggest a bounce from the neck. We will just have to see but My guess is that it will do 50% retracement then go to 14ish. This is my gamble swing trade so I have stop at $8.50
UnknownUnicorn1020621
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@Avasreader, 50% fib retracement is also the support of the neck... so high chance it will bounce tomorrow!
UnknownUnicorn1020621
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@liwei199602, Also remember when that 50 EMA Crosses 200 EMA, its known as a golden cross that means long-term Bullishness.