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%)