Hammer right at major structure and 618. Beautiful long here for a reversal and continued upside.
Notice, the intraday neckline is the 618 of the daily.
And there's more! There is also a trend line that seems to be important.. A LOT of confluence.
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Signs of a reversal underway
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Took profit at 30.25. Interested in a re-entry long at the 50-618 retracement.
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IOVA fell into the 618 zone yesterday: Now waiting for consolidation and a basing pattern around the blue level for confirmation. It needs about a week to form a signal.
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Got the bounce IOVA needed yesterday. Given the structure I expect consolidation within the purple levels followed by continued strength in the stock.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.