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ahmaddoolwayab
Nov 1, 2023 12:16 AM

OTEX clear bearish analysis Short

Open Text CorporationNASDAQ

Description

1. recovered 64% from 2021 crash in 2022
2. Impulsive move rejected at 0.618 Fibonacci
3. Top of the Fibonacci is aligned with rising trend line
4. Rising trend line reject and broken
5. Two bearish Fibonacci broken
Target should could be 0.618 around 27.50

P.S not financial advice. trade save and at your own risk.
Comments
Bravetotrade
Congratulations and well done for sharing your first idea with the community.
Hope you will be having great experience.
Thanks for your contribution.
From mod @Bravetotrade
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