$ATO May Have a Significant Low in Place: First Target

$ATO may have a low of intermediate degree in place. Conservatively, we may suggest that the oversold conditions here will lead to a countertrend bounce in the very least. Here is the target for that move (the lower orange box).

ATO


[UPDATE]: As we have moved sharply towards the target range, I will file this under “Successful Calls.” I will need to monitor the price action from here prior to making a new call.

ATO

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