Dot ready for lift off?

9 Okt 2020

Polka dot looks like it's just broken out of its falling wedge after a healthy retrace. At the same time, the .618 fib which has been very strong support in the past and resistance now, has just been broken! Also MACD is flipping to green while volume is slowly gaining momentum. We have slight resistance at the .5 fib and 20MMA, however, if we get rejected from .5 yet hold .618 , an inverted head and shoulders pattern will start to form. Also looks like Three White Knights pattern is forming on the daily chart. We have a ton of upside but if we fail to hold .618 fib, we'll likely drop to somewhere around the .786 fib. Not financial advice but I am very bullish here. Good luck!