We have Wave 5 at a textbook strong resistance zone. RSI and Momentum are flipping to the downside which indicates a correction. I see Wave A testing support at $10.39. If $10.39 breaks, the next zone will be around the $9.70 target. I do see the first support test to hold though. Ultimately, I see HNT coming to $9.70 to complete the ABC correction.
Stop loss - $11.80
Min TP- $10.39
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD, RSI, Momentum, and resistance/support zones combined with patterns.
Stop loss - $11.80
Min TP- $10.39
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD, RSI, Momentum, and resistance/support zones combined with patterns.