ADS has very strong hourly chart, so I believe this should be a quick trade. Momentum is also strong on daily and weekly time frames, so high probability price can reach 23.6% fib-fan level seems high. 245.5-246 level also coincides with weekly 200 day MA.
Hello everyone, here is another company of the American stock market: ADS. The price touched the trendline twice, which served as support. We expect a fifth wave with a target of $ 280 from current ADS prices, $ 234.
A shooting star on heavy volume. While Momentum is showing extreme overbought signals alongside a bearish divergence. In addition to a bearish divergence on the CMF volume/price indicator. I think its time for a real deep correction. A break above 260 may abolish this setup.