New Regression

8 mag 2021

Here's a first slope idea if our angle shift idea is returning to something that channels back to the initial bounce. We'd then expect potentially valuable buying opportunities if we deviate to the low end because people are likely to call a rollover fairly quickly given the recent piecewise downward moves (which are actually unlikely to be repeated given new information from this fast V rejection). Instead, the idea is that we are now for the first time in the past week consolidating into the tight channel. As mentioned, this would be the lowest sloped ramp in over 90 days if accepted which would be a fantastically fun staircase.