Short, abc correction @32.48

So, this looks really overbought, but it does have some more momentup to push the price higher.
But not without some more correction.

I am expecting a abc pattern to play out at least.

We just finished a-e pattern , with abc for correction is in play.

I would wait before getting back in, or short again on C point if we don't hit 40 as expected.

As you can see on daily, we have 2 large resistance trend lines. which helped us to identify good exit points.

And it looks like we are near top of this current one.

WE just bounced of a wedge support line, fast, indicating if price fails to grow with the same momentum, support trend line will be broken with the volatile sell off.

Good luck everyone ;)

**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support

~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/

If you want your coin to be analysed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!

Fractal dates are moments of interest, where price and time collide to create oscillation.
These fractal events are identified as dotted vertical lines.

Thank you,
Ajion

Komen:

i have forgot to add a S/L lol is 34, but then i might double up, it all depends how the momentum goes.

Komen:

Does not look good on short term time frame. Today was not the time to go LONG on AMD

Komen:

Gap into yesterday's high. wow, so if we drop again, it would confirm, bears are taking over. Lets see.

Komen:

IN theory first we test 33, then 32, then 30

Komen:

After 2 weeks, we finally did it. lol.