im anticipating another FU move with so many people expecting a dump at these levels. Also you often get wave 4 making a triangle formation and its the precursor to wave 5
zhipengcfel
⋅
i agree.
ElPatron.Y
⋅
What if we break out of the wedge?
ElPatron.Y
⋅
I love it!
ElPatron.Y
⋅
Three supports I'm watching after we break out the triangle, Red Orange and Yellow lines.
zhipengcfel
⋅
MACD looks like having a regular bearish divergence with a hidden bullish divergence.
Rocketman
⋅
The notes on the chart are hard to see. Can you copy and paste them?
Market_Masta
⋅
1. 12 Day MO has broken down outside the trend.
2. Daily gravestone Doji (RED STAR) After an uptrend,
the Gravestone Doji can signal to traders that the uptrend
could be over and that long positions should probably be exited.
However, other indicators should be used in conjunction with the Gravestone Doji
pattern to determine an actual sell signal.
Lets take a look.
3. The 4 red arrows at 54.09. Notice the brown dashed trend line once price broke above 54.05.
(yellow boxes)
This trend line was CLEARLY violated for the 1st time 5/15. Gravestone in affect?
4. Price closed back in what looks to be a Sym Tri
1,2,3,4,5
5. In the words of @chessNwine
"It's an easy trade; not because I know I will make money,
but because I know exactly where I'm wrong if I am wrong."
Iskandarglenn
⋅
Well. Id draw a Bearish Wolf wave. You'd fine your broken line is close, but not exact.
So you are ther or approaching it!
Buy as support. Sell on close below.
IMO