Hello, Melf
Well, 2,69 as low is close enough to be considered target made (3.65). You were right about the retest. I have no study on the matter but I'm under the impression that retests may be more frequent going up than going down.
It now has a defined descending channel; it's top and the area of the failed double bottom come in play around the 15th. Only a move above will show strength.
2ez, hello. I don't know if you intend to go long or short, but playing with earnings is risky, so it depends of what risk you want to take. The technicals seems to me clear and last session it went up to the middle of the channel, reversed and finished nearly at the lows of the day. Not encouraging for longs.
Well, 2,69 as low is close enough to be considered target made (3.65). You were right about the retest. I have no study on the matter but I'm under the impression that retests may be more frequent going up than going down.
It now has a defined descending channel; it's top and the area of the failed double bottom come in play around the 15th. Only a move above will show strength.
2ez, hello. I don't know if you intend to go long or short, but playing with earnings is risky, so it depends of what risk you want to take. The technicals seems to me clear and last session it went up to the middle of the channel, reversed and finished nearly at the lows of the day. Not encouraging for longs.
