> Price formed a Symmetrical Triangle and broke to the downside
> Price bounced off the 78.6% (150.04), found support at 137.86 too and formed a Hammer. (bullish signal) *long wicks* *Highlighted yellow*
> Price found resistance at a previous support level and lingered below it 1/17/18 *highlighted yellow*
> Price is currently below all Moving Averages, but touching the bottom lip of the Bollinger band (in orange)
Price is expected to retest the resistance it broke at the bottom of the triangle. (Green Arrow, Cyan box)
Price closed above 8EMA (Signal that bulls may push price up?)
> Price bounced off the 78.6% (150.04), found support at 137.86 too and formed a Hammer. (bullish signal) *long wicks* *Highlighted yellow*
> Price found resistance at a previous support level and lingered below it 1/17/18 *highlighted yellow*
> Price is currently below all Moving Averages, but touching the bottom lip of the Bollinger band (in orange)
Price is expected to retest the resistance it broke at the bottom of the triangle. (Green Arrow, Cyan box)
Price closed above 8EMA (Signal that bulls may push price up?)