For CTSI, there's been a beautiful W1 impulse from the bottom. After some nice action, gravity has come for some payback, and with that break back under the major resistance line confirms a correction.
a sharp pullback to .382 will present a nice ST trade opportunity (fib, VWAP and channel support). A break below the bottom of W1 will invalidate.
W3 will likely extend to the 1.618, which coincides with the same structure as the ETH chart. So we should see some nice action once ETH gives the nod. We're only a few hours behind here on CTSI at the moment it seems.
W2 bottom (green box) is a buy for investors or traders, I don't expect to see these levels again.
a sharp pullback to .382 will present a nice ST trade opportunity (fib, VWAP and channel support). A break below the bottom of W1 will invalidate.
W3 will likely extend to the 1.618, which coincides with the same structure as the ETH chart. So we should see some nice action once ETH gives the nod. We're only a few hours behind here on CTSI at the moment it seems.
W2 bottom (green box) is a buy for investors or traders, I don't expect to see these levels again.
