$F is in the golden ratio now from the highs and low of the last 4 years, shown by the white Fib levels on the chart here.
This point is also near the tip of the wedge which $F had broken out of and pulled back into now.
$11.70 is the low level of this area and the share price has been on an aggressive decline since the end of June.
RSI on the daily is at 20 now.
This is due a bounce.
makis
2023-08-16 16:31:13 +0000 UTC