Replies to post #11123 on 123Tom's TA study group

[oldmystic]

The first chart is a Weekly Log Chart which correlates the period 7/11/2016-12/24/2018 with the period 6/28/2021-10/23/2023. The initial thrust from 7/11/2016 retraced 50% before continuing higher. A similar retrace to the current period would take price to 6.61. The second chart is a Daily Chart of the current period which details an area between 7.01 and 6.61 which includes the .382 Fibonacci retracement of the current advance at 7.01, the 6.94 level which equates to the $1.36 decline seen 11/21-11/27, the small gap at 6.78, and the 50% retracement at 6.61.
https://invst.ly/12lpw6
https://invst.ly/12lqhx