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#SCTY(Solarcity): At Key Action Level, Probable Downside!
Traders,
Double top, at the Fibonacci retracement level, after a bearish impulse leg, suggests this is a probably continuation move. there was a weak bull correction after the bear impulse leg. Price is nearing a breakout on sideways support, and todays candle shows the development of an evening star, which will likely provide sufficient momentum to break the sideways support and breakdown into a 3 wave move into the lows of the range.
I hope you have your own tested trading strategy to trade this move when it starts
Double top, at the Fibonacci retracement level, after a bearish impulse leg, suggests this is a probably continuation move. there was a weak bull correction after the bear impulse leg. Price is nearing a breakout on sideways support, and todays candle shows the development of an evening star, which will likely provide sufficient momentum to break the sideways support and breakdown into a 3 wave move into the lows of the range.
I hope you have your own tested trading strategy to trade this move when it starts
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.