Expanding Megaphone to break Up
Chart says all. Bear Trap forming, don't get caught!
Indicators are rising, probably got a retest dip to the TL and then bounce like mad. Be ready!
Trade at ur own risk, not advice; GLTA!
Indicators are rising, probably got a retest dip to the TL and then bounce like mad. Be ready!
Trade at ur own risk, not advice; GLTA!
Note
It moves but so far so fast omg I closed out longs, pullback likely imoNote
As z3m25 points out, megaphones are bearish patterns and the 50% retracement of the third wave in the cone often breaks DOWN rather than up; must trade with extreme caution here folks, IMO this one can break either way: Senate passed the covid relief package, headed back to Uncle Joe for endorsement. Might bull to the top of cone TL again and could break higher... here's a useful education idea for your consideration:
Note
rejection under tl; next wavedown may break 3700Note
Bear flag forming under the TL; expect lower imminentlyNote
At a critical juncture, if it breaks above the TL could start bullish momo; if rejects, headed much lower IMONote
Well it closed under the upper TL in this pattern; might be a fake breakout. I strongly suspect BULL TRAP and took no position EOD. IMHO the tech selloff is not yet over, just a feeling. I would not yet go long here, chasing these nutty rallies leads to grief IME.Note
Well, well well... it filled in this chart PERFECTLY OMG! Look for a TL retest on brief pullback Thursday then Bull LIke Hell Friday and exuberant senseless GAP UP AND GO on Monday 15th, LOL! Damned Bulls!!It's broken out upside, look for a retest ~.382 fibo then strong bounce to ATH IMO.
Note
Just Gap n Go, lol. Not chasing it.Note
This pullback likely represents a buy oppy, but I hate to hold calls over weekend with prices so jittery tbvh. Did good daytrading the ups and downs, just wiggling atm.
Note
WARNING: DO NOT SHORT YET!!!I wondered watched and waited and see what the momo crowd did?! Expect higher still on Tuesday; might buy puts on Wednesday, depending on the waves and outlook. DO NOT GET FOMO!! Long and shorts all high risk up here, caveat emptor!!
Note
IMO might get a parabolic blowoff to finish the bull wave, please don't get caught short in it!Wait until it starts to decline before you short; the trend is ur friend until the end when she bend!!
Note
Told ya to not to short it!!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.