IDTI Looks like it wants to take out the shorts at the triple bottom followed by fib support. Yesterdays bearish candle was super significant for this hypo. Will watch the open and see if we can get a rip to short or a consolidation breakout. First tgt is the triple bottom followed by Fib Support.
Looks like a Daily ABCD Pattern could be unfolding. Price looks like it could be in the D leg. Looking for first target to be the 62% of the AB swing and the second target to be the 50% Higher Time Frame Internal Retracement followed by the 62% Internal Retracement and AB=CD Projection.
Looking for a retest off the 38% AB swing or the 10 EMA for a bounce then...
Twitter has been bullish as of late. Two highs above current price where stop orders could be resting and acting as magnets. Stop orders would be hit before large gap is attempted to get filled.
Looking for a Lower Time Frame (LTF) dip to buy or a consolidation with break out and retest to buy for a long entry.
