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MaximusProfiticus

05/24/21 7:55 PM

#52718 RE: justatrader #52716

Apr 30 - Aug 27 2020
Current fan channel (Price Level - .38 - .25) I mis-spoke previous post
Price pushed up into said channel on a bullish candle May 14
Most often it takes a momentum candle to break up or down to new fan price channel zone
I cross reference candle action with ( but not limited to )
Fib Fan - .25 currently at .001736 / .38 at .001253
Fib Extension - Main R = .002249
Fib Retrace R = .25 at 001825 / S = .38 at 001253
Long & Shorter timeframe
Also utilize candle theory
That said, all the stats / candle theories at this price level are mute if company has picked a distribution zone
At present 0013 - 0017 appear to it
Directly within my fan trend scale
There is no major resistance at 0017 that I can confirm