Shorted 22.90 due to fib 2.618 and bearish momentum divergence.
stocktwits.com/pantheo/message/21302291
Now price is putting a bullish wick, in a middle of nowhere, that needs attention, especially if close above 50 fib of the last uptrend. Bullish reverse divergence created, as suspected, due to the fast move.
Former demand zone became supply now above, where I guess most of the short stops are nesting.
Take care
Cheers
Panos
stocktwits.com/pantheo/message/21302291
Now price is putting a bullish wick, in a middle of nowhere, that needs attention, especially if close above 50 fib of the last uptrend. Bullish reverse divergence created, as suspected, due to the fast move.
Former demand zone became supply now above, where I guess most of the short stops are nesting.
Take care
Cheers
Panos