ðĪ Just looked at amazon, facebook and now tesla all show correlation to testing the highs.
Look for it to play the red upward support and squeeze in the compression point. Break below look for a short back down. I think we are still evaluating if the breakout at 902 to the new highs is a fakeout or going to see if support can hold. You see that we did drop all the way back down but bounced right back up off that old major Resistance level.
The larger timeframe like the daily and 3 day are still green so I don't have that long term confirmation yet.
My main concern is how I'm seeing the Resistance levels across the board be tested right now.
Have an awesome trading day and weekend. âĪâĪ
ðĨMLT | MAJOR LEAGUE TRADER
Look for it to play the red upward support and squeeze in the compression point. Break below look for a short back down. I think we are still evaluating if the breakout at 902 to the new highs is a fakeout or going to see if support can hold. You see that we did drop all the way back down but bounced right back up off that old major Resistance level.
The larger timeframe like the daily and 3 day are still green so I don't have that long term confirmation yet.
My main concern is how I'm seeing the Resistance levels across the board be tested right now.
Have an awesome trading day and weekend. âĪâĪ
ðĨMLT | MAJOR LEAGUE TRADER
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