I was asked to look at wing. Using my fibs we can see that we bounced the major support to the cent almost that I wouldve bought had I known we were at these levels. But we came back down and swept those lows. Now we are pumping again.
What I dont like about holding the red fib level is that we tested it exactly and pumped, but came all the way back down. What I really dont like about it is that we have a huge yearly level untested below this support. I do think we will test the blue level before we ever reverse from higher highs in the future. I will keep an eye on out on this name, but not trade for me unless we hit the blue support. The red fib level happened already.
What I dont like about holding the red fib level is that we tested it exactly and pumped, but came all the way back down. What I really dont like about it is that we have a huge yearly level untested below this support. I do think we will test the blue level before we ever reverse from higher highs in the future. I will keep an eye on out on this name, but not trade for me unless we hit the blue support. The red fib level happened already.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.