#SCTY(Solarcity): At Key Action Level, Probable Downside!
Traders,
Double top, at the Fibonacci retracement level, after a bearish impulse leg, suggests this is a probably continuation move. there was a weak bull correction after the bear impulse leg. Price is nearing a breakout on sideways support, and todays candle shows the development of an evening star, which will likely provide sufficient momentum to break the sideways support and breakdown into a 3 wave move into the lows of the range.
I hope you have your own tested trading strategy to trade this move when it starts
Double top, at the Fibonacci retracement level, after a bearish impulse leg, suggests this is a probably continuation move. there was a weak bull correction after the bear impulse leg. Price is nearing a breakout on sideways support, and todays candle shows the development of an evening star, which will likely provide sufficient momentum to break the sideways support and breakdown into a 3 wave move into the lows of the range.
I hope you have your own tested trading strategy to trade this move when it starts
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