Description
⋅ Key Price Levels:
- Support:$223.85, $229.39, $232.50, $246.42, $250.29
- Resistance: $257.16, $263, $268
Chart Patterns:
- Day: 2-2d continuation
- Week: 2-2-2u continuation (not enforce), with an inverse hammer
- Month: 2-1 inside with inverse hammer
- Quarter: 2-1 inside with inverse hammer
Volume Analysis:
- Day: Bearish volume confirms the 2-2d continuation Week: Bearish volume confirms inverse hammer pattern
- Month: Bullish volume building
- Quarter: Volume data not conclusive.
Overall Outlook: I'm looking for a retest of $246, and possibly $232.50, before a bullish continuation.
Note: Loss it's 9 and 50-day EMAs with a 2-2d continuation and strong bearish volume.