Why do you think it will reverse at $57.91 ???
I do not disagree or agree, just curious about why that level
Thank you and good luck
c1234
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@Oh_If_Only, Identification of possible corrections + comfortable indicators + fundamentals = false breakout
c1234
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@Oh_If_Only, and next correction level of 63.43 set the price in this range.
Oh_If_Only
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@c1234,
I do not disagree with this level either, although I think the previous top pattern around $60.25 will prove move of an obstacle.
Cyclicals suggest May will form a top pattern, historically.
Anyway I am long basis May (CLK) and I have a few posts here, should you have interest.
Thank you for your responses
c1234
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@Oh_If_Only, ok. Levels is a formality, they provide only a guideline. In any case, the correction of the powerful decline is still ongoing. And correction will be the end, I'm drilling timeframe.
I do not disagree or agree, just curious about why that level
Thank you and good luck