the symmetriacal triangle seems to indicate a continuation of the downward trend. Should the formation be confirmed the price could reach 23000. From there on, either find a support or even reach further to the POI at 18000.
This could however constitute a divergence in the MACD indicator, showing an oversold market and thus inviting the buyers again in the market
The rally is losing momentum and the time for a correction could come in the coming hours. If a support is found, a higher high, at the first Fibonacci extension could be reached.
LONG :2680 $
SL: 2580 $
TP: 3180 $
since the original rumors regarding the Apple electric car being assembled by the canadian-owned Magna Company the company stocks have been on the rise. The expectancy went a little bit too far and a divergence in the MACD has currently formed. After a light price correction, the Price might go higher. The first Fibonacci extension was elected as point of exit for...