COL Bullish Blueprint: $20 or $18.93 — Which Launchpad Wins?Coles is setting up for a sustained move higher. The structure is clean, and two key scenarios are worth tracking:
Scenario 1:
Shallow Pullback to ~$20
LVN Zone: Low Volume Node suggests weak price acceptance — price may dip but not stay.
Fib Confluence:
50% retracement from the recent 1-month 2-bar swing low aligns with this zone.
Yearly R1 Pivot:
Adds structural weight to the $20 area.
Expectation: Quick dip, then bounce — ideal for aggressive entries with tight invalidation.
Scenario 2:
Deeper Pullback to ~$18.93 (Preferred)
Major Support Cluster: Previous swing tops now act as support.
Macro Fib Level: 50% retracement from ATH to the March 14.81 low lands here.
Wick Memory: March’s long wick suggests liquidity and buyer defense — midpoint could act as a springboard.
Expectation: Stronger base, better risk-reward, and potential for a more explosive leg higher.
Invalidation: if we have a monthly close below $18.31 then the chances was this breakout was a false move.
please note, no time analysis done arrows show pathing
