JETS ETF has gapped down and fallen below its upward trendline. Price action is seeking a higher-low level to establish support.
Once the support level has been established, price could then reverse to seek out a lower-high level and establish resistance.
Resistance 3 area: 21.28 to 22.04
Resistance 2 area: 19.14 to 20.15
Resistance 1 area: 17.11 to 18.13
Support 1 area: 15.95 to 15.01
Support 2 area: 14.11 to 13.02
Support 3 area: 12.04 to 11.05
Once the support level has been established, price could then reverse to seek out a lower-high level and establish resistance.
Resistance 3 area: 21.28 to 22.04
Resistance 2 area: 19.14 to 20.15
Resistance 1 area: 17.11 to 18.13
Support 1 area: 15.95 to 15.01
Support 2 area: 14.11 to 13.02
Support 3 area: 12.04 to 11.05
Comment:
First set of Higher-Low and Lower-High prices confirmed.
Trade closed: target reached:
1st set of Support and Resistance targets completed.
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