SMH
Short the Chips.
Why?
- RSI Bearish Swing Rejection
- MACD Bear Div
- Price broke the ML
- Unfilled Gap (212-215)
- 50% Fib Confluence with Price Gap
- 1.618 Time Zone
- Fib Confluence X Price Gap X Energy Point
Target (Time x Price) = 215 USD on 7/17/23
Fat_Fat
Comment:
Divergence + Bearish Swing Rejection
Comment:
Already retraced to the .618, road's closed pizza boy, find another way home.
Comment:
100% Extension A:C complete. Larger Degree B wave may top out here. Get ready for another 5 waves down for the larger degree C wave.
Comment:
Comment:
Potentially topping out against this Schiff Median Line.