$ETNB Recent IPO - limited data so using 15 minute chart here for more data points. Testing out 61.8 range high, working through fib channel. Primary Hypo: Look for a pop above 61.8 fib with a move up to 78.6 as next major level above (~39.8x). Hypo 2: Compression under DTL/100% channel extension, above 50% fib (bold/range) just below. From there, either retest 61.8 range high (bullish) or lose 50%, which would then set up a move towards 38.2 level below (bearish) 👀 A couple more charts/thoughts at CfC on Slack (see bio if interested).
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