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$CALX - Price action spikes sharply breaking the current natural waves of this uptrend. I am expecting a retracement in a drastic way due to shorts wanting to take advantage of price displacement.
(Rsi) Is positioned for a downturn, IMO
ideas are my own do your own analysis.
I'm a beginner and have only been doing patterns for 2 days now. I came upon this and was wondering if this is correct? Please correct me if I'm wrong I need to learn!
This is a typical support/resistance setup.
Buy at $7.23, with profit target of $8.00. High risk with $6.80 stoploss. Short immediately if price breaks $6.80 stoploss.