This does not take into consideration any fundamentals of the company
Divergence is bearish on most time frames
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zoomed in
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zoomed in again
400 is massive resistance...
remember, when feeling too greedy... time to sell when feeling too fearful... time to buy
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Nasty fake out... price crashed through most supports, stopping at the .618 retracement level... at 250... (where my squiggly red line marked)... I thought it would be a slower fall, but markets will always humble you... I would take profit at this point... price could bounce up a bit here to 285, before falling more to retest 200...
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Zoomed in...
Very clean ping of the .618 (250) which should be pretty good support. Re-test and rejection, could indicate a temporary bottom. Should it fail, 200 is next... Higher time frames have yet to show bullish divergences, although they are starting to show on the lower hourly time frames.
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200 made a loud ping... tp2... and a nice flip position...
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Just for the record, higher time frames hint that it could drop even more, much more... this here feels like a dead cat bounce... but for a day-trade, this was a really nice trade :). Congrats to anyone who followed through