Gapped up to Resistance after being oversold here, breakout was rejected and we are heading lower here .
Next target is 176.. weekly 200sma is in that area
if it doesn't bounce there we are heading to the final target of 98$...
Unless it breaks out of that wedge (yellow lines) Treat each bounce as a dead cat
Next target is 176.. weekly 200sma is in that area
if it doesn't bounce there we are heading to the final target of 98$...
Unless it breaks out of that wedge (yellow lines) Treat each bounce as a dead cat
