SpinTrades

SpinTrades

A downtrend line has been forming since pre-COVID highs forming a solid setup. Recent highs over $106 failed to break upwards, a break out of the downtrend can see targets above, with the marked fib close as the support below. Stop loss set below the lows of the most recent daily candle.

SpinTrades

After a strong move today we should see continuation to fib levels above. A pullback after open would allow an opportunity to size up positions with stop loss at the fib below. Fib levels above as targets.

SpinTrades

$PYPL has been bouncing around the low $200's and may soon move towards Fibonacci Retracement levels $209 and above. For safe entry look for it to base over $205.30 which was the most recent opening high. Price action since then has been disappointing.

SpinTrades

After an inside week, $EA looks to be consolidating for an upward move. Resistance above shown at 147.36 and Fib extension level above at 151.66. I would like to see a close over $143.55 for entry, that level has not been able to hold on the daily.

SpinTrades

Same bullish thesis with different fib levels drawn from different highs and lows, we will see which prove to be more accurate.

SpinTrades

After breaking out on Friday but failing to hold and closing just below, it looks set up to continue next week with good market conditions.