Follow up to
We're now up to the classic 76 retracement level of a bull trap.
If SMCI is setting up the broad reversal spoken of previously, this should be around the end of the bull trap.
Stops must be taken if we break the 86 fib. Something horrible is liable to happen above there.
We're now up to the classic 76 retracement level of a bull trap.
If SMCI is setting up the broad reversal spoken of previously, this should be around the end of the bull trap.
Stops must be taken if we break the 86 fib. Something horrible is liable to happen above there.
The 76 rejection is textbook bull trap so far.