CTRA is in a clear uptrend, but after a strong rally, it’s now taking a healthy pullback. Price got rejected near $37 and is slowly moving down toward a strong support zone around $29, where buyers previously stepped in. Wave 4 can become a crucial demand zone for the current prices. Before the next big move, it may show a small bounce and then dip again into this zone to complete the correction.
The stock has already pulled back about 50% of its previous move, and now it’s approaching a strong support area. We’re watching for a possible reversal near the 61.8% Fibonacci level, which lines up with the previous support zone (earlier pullback area) and a known demand zone where buyers have stepped in before. Target for this setup is 33.45 - 34.64 - 36.10+.
Entry is only possible after the price action confirmation or sub-wave formation.
We will update with further information soon.
By BrightRally_Research
The stock has already pulled back about 50% of its previous move, and now it’s approaching a strong support area. We’re watching for a possible reversal near the 61.8% Fibonacci level, which lines up with the previous support zone (earlier pullback area) and a known demand zone where buyers have stepped in before. Target for this setup is 33.45 - 34.64 - 36.10+.
Entry is only possible after the price action confirmation or sub-wave formation.
We will update with further information soon.
By BrightRally_Research
İşlem aktif
Achieved 33.45!İşlem kapandı: hedefe ulaştı
ALL TARGETS HIT!
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.