Compresion de volatilidad demasiado elevadad desde hace varios dias ya.
Formacion de banderin (chartismo). Zona del 38.2 (fibonacci) consolidado como piso teorico.
Si quiebra la figura podria darse un posible trade alcista. ZONA TEORICA TARGET PRIMARIO: 71.45 - 77
Zona de clusters en 67.20 y 71.45
TP 1: 67.20
Gold could find resistance at the confluence of two Fibonacci levels shown. A reversal here would probably be a minor correction which may present buying opportunities. The blue candles represent potential price action
I am going to experiment with a split chart . Hopefully it's easier to follow. We will see. If something changes, I'll add updates.
Most of those Fibonacci price projections are from the previous TA I published last week ().
Those are still important and have a major...
Micron reached nice levels where to start building short position.
In worst case scenario $MU may fall as far as 70% from current levels, which is not absurd, given that the company is very cyclical, and global economy risks entering recession.
More prudent approach is to wait when bear flag would be broken below 40$, however, given current overbought level, MACD...
I find those levels interesting because those are Fibonacci clusters - where multiple fib's line up. Marked with green arrows.
Expecting profit taking, if smashed, look at the next and or update analysis and see what's up.