$HOOD sitting at $107.82 after pulling back to retest the breakout line — that's your old downtrend resistance, now flipped to support if it holds.
Let's walk through the structure:
The 0.5 fib lands at $108.69. That's your first technical magnet if buyers step in here. Below, you've got a volume shelf from $104 to $107 — that's your demand zone. If price dips into that range and holds, it's a structural retest worth watching.
Above, $110.68 is your gamma flip level. That's the line in the sand. Reclaim that with volume and conviction, and you open the door to a run toward $113.
Setup is clean: retest in progress, fib resistance overhead, volume support below. Confirmation comes if $HOOD holds above $107 and pushes through $110.68. Invalidation is a break below $104 — that kills the breakout thesis.
Price path suggests $113 by 10/09 if the structure holds. Not a call to enter — just the read. Your risk, your rules.
Let's walk through the structure:
The 0.5 fib lands at $108.69. That's your first technical magnet if buyers step in here. Below, you've got a volume shelf from $104 to $107 — that's your demand zone. If price dips into that range and holds, it's a structural retest worth watching.
Above, $110.68 is your gamma flip level. That's the line in the sand. Reclaim that with volume and conviction, and you open the door to a run toward $113.
Setup is clean: retest in progress, fib resistance overhead, volume support below. Confirmation comes if $HOOD holds above $107 and pushes through $110.68. Invalidation is a break below $104 — that kills the breakout thesis.
Price path suggests $113 by 10/09 if the structure holds. Not a call to enter — just the read. Your risk, your rules.