I posted yeateday as a potential breakout of this pattern. I was leaning on the bullish end with a target of 68 if we could breakout of 55 and hold. We struggled and found reistance there.
I had a long opened at the support
Of 51$ which ended up breaking. I discussed if we lost 49 $ o would stop out and look for target of 37$
We ended up breaking around 430 pm and I closed it trade for small loss. As of now DXYZ has reached the price target of 37$ which could be an area to look for bounce back to 46$ which is the .618 fib
Market is weak but I think this support holds for short term bounce zone
I had a long opened at the support
Of 51$ which ended up breaking. I discussed if we lost 49 $ o would stop out and look for target of 37$
We ended up breaking around 430 pm and I closed it trade for small loss. As of now DXYZ has reached the price target of 37$ which could be an area to look for bounce back to 46$ which is the .618 fib
Market is weak but I think this support holds for short term bounce zone