Fibonacci Retracements for MU

At first it looks like Micron Technology is getting ready to make a reversal to the upside near the 50% retracement level.

MU makes its intentions obvious when for one day it drops down to the 62% retracement level and then quickly reverses higher. On that one day, MU made a wide range bar that took out the recent lows AND highs.

That's the type of price action that signals a strong move in one direction.

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