Expect to bounce up off $120 towards long $140, or break down

11 Ağu 2020

Hey all! This is my first idea please let me know what you think, or where I could improve. I am expecting it to break up off of $120 towards $140 during early of September, but please let me know how I can improve!

11 Ağu 2020

Not

I got the slope wrong! Told ya it was my first idea!

If you look closer the bounce we are looking for appears to be closer to ~$112/114 mark. If that resistance holds, we should expect to see highs near $140, if it breaks we could be headed towards that big correction.