Symmetrical Triangle + Simple ABC Correction + Weekly Dynamic Support + Bullish Momentum
BOOT looks to play out a Simple ABC Correction after touching the resistance at 23.22. We had a nice pullback to the weekly dynamic support level of 20.19 which gave us 2 long wick rejections of the Support and 50EMA/14EMA. Look for an upward break of the trendline before entering long. Large Volume spike and price action at this level indicates bottom.
Price Target: 25.95
BOOT looks to play out a Simple ABC Correction after touching the resistance at 23.22. We had a nice pullback to the weekly dynamic support level of 20.19 which gave us 2 long wick rejections of the Support and 50EMA/14EMA. Look for an upward break of the trendline before entering long. Large Volume spike and price action at this level indicates bottom.
Price Target: 25.95