$SPCX major shake at the top, bears strike back!
Price hit strong resistance at 228.00, leaving a long upper wick, and the following bearish candlestick completely engulfed the previous gains, which is a classic 'top reversal' signal. Momentum has shifted, and a short-term pullback to the 200 support level is highly probable.
Price hit strong resistance at 228.00, leaving a long upper wick, and the following bearish candlestick completely engulfed the previous gains, which is a classic 'top reversal' signal. Momentum has shifted, and a short-term pullback to the 200 support level is highly probable.