My first bearish chart. (Uptrend to resume)
THIS IS MY FIRST REAL BEARISH PREDICTION... SO NO DEFINITE GUARANTEES.
I'm not good at charting bearish downtrends so bare with me. (get it bear, bare with me)... Anyways, off of the dead cat bounce from 428.82 to 434.24 .... The Fibonacci graph shows that the lowest the price we should to go before we retrace is 425.39. Which we came real close to at 425.92. If I had to pick, I would say we are bottomed here at 427, and should be expecting a move up soon.
I'm not good at charting bearish downtrends so bare with me. (get it bear, bare with me)... Anyways, off of the dead cat bounce from 428.82 to 434.24 .... The Fibonacci graph shows that the lowest the price we should to go before we retrace is 425.39. Which we came real close to at 425.92. If I had to pick, I would say we are bottomed here at 427, and should be expecting a move up soon.
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