FDX needs to hold above previous low around 256

Any break below 256 is the invalidation point to our macro 1-2 start, and could suggest further downside. Labelled in white is the potential bullish count, that would start in a 1-2 pattern. If we can see that, this could suggest a new trend that is filling out our wave 3 target to 356. I am personally stopped out, waiting for some consolidation around the current price (again, holding above the 256 level), or a 1-2 start.

Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you.

Copyright Rohan Karunaratne 2020

Đóng lệnh: dừng lỗ:

Invalidation of setup, fallen below 256