This one’s on my short term trading list

A rally above $3.97 today leaving yesterday’s low intact, would complete a minor “abcd” chart pattern in CSR. That would set up for the final CD leg of a larger pattern.

Potential targets for this would be:

  • Around $4.20 where CD would end up being the same size as the AB swing and would also complete a 61.8% Fibonacci retracement of the last major decline or
  • $4.30 which would be a 78.6% Fib retracement and where CD would be a Fibonacci multiple of the AB swing (127%)

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