NAVI is about to reach a point of high resistance.
First there needs to be a closing candle over the red resistance line. Once that holds it needs to break over the 1.414 Fib ($10.51).
High volume and the candles not deviating too far away from the white line is key.
If the candles dont break and bounce off resistance, this would be the second rejection from this uptrend. What does this mean? we are heading down to the green support line or the .786 ($8.69).
As always I am looking forward to all of your comments or corrections.
First there needs to be a closing candle over the red resistance line. Once that holds it needs to break over the 1.414 Fib ($10.51).
High volume and the candles not deviating too far away from the white line is key.
If the candles dont break and bounce off resistance, this would be the second rejection from this uptrend. What does this mean? we are heading down to the green support line or the .786 ($8.69).
As always I am looking forward to all of your comments or corrections.