applied to the latest breakout shows that Komodo also found the resistance at 227.2% level, that is $3.26, which has been rejected. Currently, a correction is taking place and could send Komodo back to one of the support levels, either $2.3 or even $1.5.
However, if it manages to break and close above the resistance the upside momentum should continue sending it as high as $7. At this price, three Fibonacci levels meet with each other. 227.2% Fibs applied to the highest high. 927.2% applied to a corrective wave after the first , and finally 727.2% applied to the corrective wave after the second breakout. The outlook should be canceled if Komodo will close below the $1.5 support.
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