$SANTOS - Coincidence? I don't think so!
- Stabilization above $2.18 - DONE!
- May last 5-9 days (actually 8 days) - DONE!
- Next target $2.80–$2.88 (actually $2.97) - DONE!
How do you like that, Elon Musk?
$SANTOS — the previous expectation turned out to be accurate: the target has been reached, resistance found, correction to the specified levels has occurred.
What's next?
- The price needs to firmly establish itself above $2.18 (this is one of the key accumulation levels according to Wyckoff).
- Observations suggest that such consolidation may last 5–9 days.
- Sometimes during this process, there may be short-term price dips below (approximately down to $2.07–$2.03).
The next target is $2.80–$2.88.
That is, after a confident consolidation above $2.18 and a breakout of diagonal resistance, the next impulse up to $2.80–$2.88 is likely.
(This is not a signal — I am not trading. I have already made my SPOT investment and am waiting for a big culmination.
I am just making a note out of boredom and for professional development.
I will check later what happened.)
What's next?
- The price needs to firmly establish itself above $2.18 (this is one of the key accumulation levels according to Wyckoff).
- Observations suggest that such consolidation may last 5–9 days.
- Sometimes during this process, there may be short-term price dips below (approximately down to $2.07–$2.03).
The next target is $2.80–$2.88.
That is, after a confident consolidation above $2.18 and a breakout of diagonal resistance, the next impulse up to $2.80–$2.88 is likely.
(This is not a signal — I am not trading. I have already made my SPOT investment and am waiting for a big culmination.
I am just making a note out of boredom and for professional development.
I will check later what happened.)
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SANTOS
2.168
-0.68%