Bjorgum Levels explained with new short and possible bull target
Very common bounce from the bottom of the last bjorgum level at 25.6. This happens very very often, even on lower time frames, but when it happens on a larger time frame it gives more weight.
Since the bounce from the level, we have seen an exact test of the resistance level at 32.6 which matches May 3'rd's wick test of the resistance. This is such an important resistance level in the history of atom. IF we break above 32.6, it is almost certain we will test $40 again, which is the last untested level. I personally do not think this will occur, but it is the most bullish scenario. Keep in mind I shorted here at the $32 level.
There are currently only 2 bjorgum levels 25.6 (bottom of bjorgum level in trend) and $40 (absolute top of bjorgum trend before inputing longs of confirmed solid candle close above the $40 level.)
I have shorted the $32 level with a stop loss of $34.5
Good Luck!
Since the bounce from the level, we have seen an exact test of the resistance level at 32.6 which matches May 3'rd's wick test of the resistance. This is such an important resistance level in the history of atom. IF we break above 32.6, it is almost certain we will test $40 again, which is the last untested level. I personally do not think this will occur, but it is the most bullish scenario. Keep in mind I shorted here at the $32 level.
There are currently only 2 bjorgum levels 25.6 (bottom of bjorgum level in trend) and $40 (absolute top of bjorgum trend before inputing longs of confirmed solid candle close above the $40 level.)
I have shorted the $32 level with a stop loss of $34.5
Good Luck!
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