FREE Guide: 6 Fibonacci Types that Create the Most Precise Price Levels, Targets, and Reversal Zones

August 25 Chart of the Day - Advanced Auto Parts

Advanced Auto Parts (AAP), like other retailers, continued its downward spiral this week.

For the monthly and weekly chart we'll only use support/resistance and trend as taught in our MOST POPULAR Introduction to Price Action Trading Course to determine where price could be going...

Currently down another 5% today to $64.18 it appears that price may have an upcoming decision to make around the $60 area...

So what's next? 

We don't make predictions...

Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.

  1. Support/Resistance
  2. Trend
  3. Fibonacci 
  4. Supply/Demand Zones,
  5. Change Control Zones

Take a look at the charts and let us know what you think.  

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