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Citrati

07/16/21 2:11 PM

#10460 RE: drenos2 #10459

The zone between the green horizontal lines the is biggest weakness in the chart structure. If that top line doesn't hold then a drop through that zone could be fast and furious. A full price gap fill could drop price all the way to $16 or even the rising midline currently at 15.77.

IMO this is why one needs to look at multiple time frames to see the whole picture and possibilities.
Green Trades

123tom

07/19/21 12:41 PM

#10462 RE: drenos2 #10459

But its a zone

from 22 to 17. I decided the other day to lower my first bids to 20.50 and got filled today. Looking now for some bounce to try and retest 23 and then see if 22 holds ok.
more resistance above 23 at 24 and 25 to watch carefully. it could take some time to get back into the surging 30's. if it zig zags down around 24-20-18