Purple lines - Weekly channel
Yellow line - Trendline support
White wave - 21Ema
Closed exactly on its trendline that's been there since the end of Octobers correction.
I dont think this will bounce here on this trendline looking at some of the big names in tech I notice some bearish candlestick patterns
Apple - Shooting star
FB- Bearish engulfing
Tsla - Spinning top
MSFT - Bearish engulfing
If those 4 above start a reversal that would be enough in itself to drag tech down
First target will be 21EMA at 391
IF we fall below 386 I think this will kick off another correction
Yellow line - Trendline support
White wave - 21Ema
Closed exactly on its trendline that's been there since the end of Octobers correction.
I dont think this will bounce here on this trendline looking at some of the big names in tech I notice some bearish candlestick patterns
Apple - Shooting star
FB- Bearish engulfing
Tsla - Spinning top
MSFT - Bearish engulfing
If those 4 above start a reversal that would be enough in itself to drag tech down
First target will be 21EMA at 391
IF we fall below 386 I think this will kick off another correction
