Stock sits at a key support/resistance area that was relevant for 3 years following the Great Recession.
I'm looking for price to show me some kind of reversal pattern (Double/triple bottom, H&S, etc.) on the lower TF (D/4H/1H) and a break of structure to take a swing to the upside.
If support breaks, I'd expect for the stock to extend losses before find buying pressure at the demand zone around $6-$8.
I'm looking for price to show me some kind of reversal pattern (Double/triple bottom, H&S, etc.) on the lower TF (D/4H/1H) and a break of structure to take a swing to the upside.
If support breaks, I'd expect for the stock to extend losses before find buying pressure at the demand zone around $6-$8.