Resistance = RED
Support = GREEN
Trends:
Purple = Resistance
Teal = Support
I could see it trading along the marked path, but who really knows with IVR
For horizontal lines - Give priority to the thicker lines
Follow indicators
BIG RESISTANCE AT $13.50
Buy green/sell red. Make sure to change colors of lines as support/resistance breaks.
If it tests the golden support line for a third time I’m expecting a sizable move to the downside. Major players saw the same and devised a exit liquidity pump to grab some liquidity before the sudden move to the downside.
The second phase of the market pump has begun, bulls are about to flood in low cap contracts before mid-cap stocks continue the rally they began last week.
In my opinion, IVR is representing an entry point using Fibonacci retracements with capital left to add further dips. Current R:R at $3.97 is around 1:3.8
BIG interest in this name from retail & institutional buyers
Decent short interest gives squeeze potential
$3.80-$3.90 saw huge volume, looking to get long in this price range
A flag pattern, in technical analysis, is a price chart characterized by a sharp countertrend (the flag) succeeding a short-lived trend (the flag pole). ... Flag patterns signify trend reversals or breakouts after a period of consolidation.
First Target is 5.30$
IVR is a mortgage company that was ranging from $14-$17 dollars per covid. This recovery play just broke the Falling wedge pattern in confluence with multiple support zone touches on the 4HR timeframe; indicating the beginning of very strong bullish sentiment . This will have to close above the previous high of $4.60 in order to verify a higher low. (Ultimately an...
