Yellow lines - Downtrend
Greenlines - Rising wedge
White line - gap close / short term target
Red arrow - Possible path
Purple line - trend line broke
I think we close that gap by tuesday. If we dont get a bounce there, there is heavy fib support in 74$ area plus wedge support intersects in that area. From there i expect another trip back to 86 either from a earnings run or because of the results of a good earnings.
Greenlines - Rising wedge
White line - gap close / short term target
Red arrow - Possible path
Purple line - trend line broke
I think we close that gap by tuesday. If we dont get a bounce there, there is heavy fib support in 74$ area plus wedge support intersects in that area. From there i expect another trip back to 86 either from a earnings run or because of the results of a good earnings.
