BillyMabrey

BillyMabrey

There was lots of trading activity between 315 and 330 that built support. It also coincides with the 62% fib line. We saw some resistance at 390 and have broken down. Looking for a short close around $340

BillyMabrey

First of all, drawing lines everywhere is very arbitrary in my opinion, you can usually find anything you are looking for. Second, I'm a novice and you should probably not listen to anything I have to say! I welcome critiques, so have at me. Regardless, I drew some lines anyway, looking for strong unbroken trends beneath current price. the first trend (dark blue)...