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US - Overstock.com - Jul 2021

179
- nicely forming pennant pattern.
- first 2 summit in PINK could be the Corrective Phase.
- The last smallest summit in BLUE could be the First Wave.
- Second wave is currently at Fibo line 0.618.
- Since DMI+Stock (Daily & Weekly) is going downwards, high probability price will stay just above the support trendline for a while.
- however, the next movement either breaking trendline or breakout, it will be determine by earning outcome.
- if it stays at support trendline, it indicates that initial stage of wave 3(the strongest wave)
- RED resistance line are for reference to exit and re-entry.

"Market is always right"

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.