ðĪ Very critical crossroads of two major support levels for streaming platform Spotify.
Key focus is the red circle, 177.94. If broke I'd look to short as that would break horizontal and upward channel support. Could lead to a drop towards 156.
I would watch this on a 3 hour timeframe to see if it wants to curl or break based on the Crossover strategy and the ema dots indicator. Pat attention to the candle, engulfing vs doji will show you what to play.
If curls and Crossover take place we look to move towards the top of the channel towards first level of 195.47. We test that for a breakout to go to new highs.
Best of luck to you! ðēðē
ðĨMLT | MAJOR LEAGUE TRADER
Key focus is the red circle, 177.94. If broke I'd look to short as that would break horizontal and upward channel support. Could lead to a drop towards 156.
I would watch this on a 3 hour timeframe to see if it wants to curl or break based on the Crossover strategy and the ema dots indicator. Pat attention to the candle, engulfing vs doji will show you what to play.
If curls and Crossover take place we look to move towards the top of the channel towards first level of 195.47. We test that for a breakout to go to new highs.
Best of luck to you! ðēðē
ðĨMLT | MAJOR LEAGUE TRADER
