SUI 50% correction to $1.50 area

11 Feb

On the above 3 day chart price action has moved up 700% since last August. A number of reasons now exist for a reversal, they include:

1) Broken market structure.

2) Price action and RSI support breakouts.

3) A reliable bearish crossover.

4) No support levels until 1.90. A strike of 1.50 is probable.

5) "Short" active from $4.05 area.

Is it possible price action continues printing higher highs? Sure.

Is it probable? No.

Ww

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Just another $1.30 until target.
Seems the bulls can't capitulate fast enough.. will they also be ones filling long orders below? 100%