Harmonic Butterfly

MRKR showing signs of life after testing a key Fibonacci level of support.

Chart:

  • Double bottom
  • CCI moved positive (inferring a nice loading zone)
  • MS Signal is showing "Over-Sold" conditions
  • Key *Support needs to hold $3.80
  • Key *Resistance at $4.53 then $5.29 (highlighted in green shaded area)



Disclosure: I do not own MRKR. I may buy/ sell within the next 72 hours. This is not a recommendation to buy or sell. Please do your homework before investing.
Beyond Technical AnalysisbiotechelliottwaveprojectionHarmonic PatternsharmonictradersWave Analysis

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