SPCE possible fear buy today. Dropped lower than expected but held .618 with potential to re-enter channel and push towards 35 level. Low risk entry with stop below fib
Watching structure on Dow futures we can see confluence at Ichimo, Fib, and lower wedge trend line. Looking for a bounce off this level to reach the highs of 35k.
Played the first bounce off $30 area looking for at another 10% gap fill to $35+
Look for Dow to make a move back to 3500. Fractal distance measures to upper TL if we bounce around the fibs.
Nasdaq showing potential for a move back to the channel top here. Entering long looking for 14812 as TP1. Stop below channel bottom
Trading within a downwards channel. This is a lotto, high risk play with potential 30% gain towards 618 fib & overhead channel resistance. Risk down to lower trend line. Watching for a possible head fake to grab liquidity and act as a spring. Company has had decent news lately, IWM/small caps seemed primed for a go. Good luck traders.
Looking for this fractal to push TDOC towards 270
Green is identical fractal of price action in box 1.. let’s see how this lines up moving forward. Taking volume, diagonals, and sentiment into consideration here. >>Enjoy the volatility, and trade safe!
Watching 3DTF for bullish scenario to unfold here. Earnings--> Consolidation--> Expansion