Working into the 37-43 range for the first time since 2006 where a massive trend reversal occurred. High chance it is about to have major trend reversal in this range. For perspective, this is a stronger trend reversal zone than the first bye bye AMD setup linked below.
Zones are general exit/entry areas, lines are levels of interest for reversal spots.
Red zone is good shorting area. Purple dotted line is stop loss for any shorts in this range.
Yellow zone are the more conservative targets if setup starts to play out.
Green zone is the more extreme target for shorts.
Naturally, yellow and green zones are also major buy zones for longs with profit targets near or above the red short zone.
Zones are general exit/entry areas, lines are levels of interest for reversal spots.
Red zone is good shorting area. Purple dotted line is stop loss for any shorts in this range.
Yellow zone are the more conservative targets if setup starts to play out.
Green zone is the more extreme target for shorts.
Naturally, yellow and green zones are also major buy zones for longs with profit targets near or above the red short zone.
