SMCI Bull Trap Complete?
Follow up to
We're now up to the classic 76 retracement level of a bull trap.
If SMCI is setting up the broad reversal spoken of previously, this should be around the end of the bull trap.
Stops must be taken if we break the 86 fib. Something horrible is liable to happen above there.
We're now up to the classic 76 retracement level of a bull trap.
If SMCI is setting up the broad reversal spoken of previously, this should be around the end of the bull trap.
Stops must be taken if we break the 86 fib. Something horrible is liable to happen above there.
Note
So far so good but sellers have to remain consistent and break the low. The 76 rejection is textbook bull trap so far.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.