After a parabolic run, shroom is retracing back to The Fibonacci sequence level of 78.6 which indicate deeper retracement,
and are usually a great entry point.
It also looks like a falling wedge has taken place, and a deeper retracemen to the 78.6 would be right in the apex and laying up for a probalbistic bull squeez out of the wedge.
Target is at the next Fibonacci sequence 61.8 and a retest of the broken trendline
and are usually a great entry point.
It also looks like a falling wedge has taken place, and a deeper retracemen to the 78.6 would be right in the apex and laying up for a probalbistic bull squeez out of the wedge.
Target is at the next Fibonacci sequence 61.8 and a retest of the broken trendline