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Dow Jone Index DOUBLE HEAD AND SHOULDER FORMATION (??)I am seeking alternative views and opinions on this. I see a head and shoulder formation forming right after a head and shoulder formation. Current price is positioned at the key resistance neckline of both formations.
Let me know your views on this!
Iapiew
"Cisco: down move coming soon" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Weekly Ascending Trendline and made a pullback to it.
- It is currently on an important Support Zone.
- If price has the strength to break it, there is potential to start a huge down move.
Weekly Vision:
Daily Vision:
Updates coming soon!
"Apple: towards the All Time Highs Zone" by ThinkingAntsOk4H Chart Explanation:
- Price bounced on the bottom of the Weekly Ascending Channel.
- Price broke the Descending Trendline and started its up move.
- Now, price has free path to go towards the ATH Zone.
Weekly Vision:
Daily Vision:
Updates coming soon!
"Nasdaq: one up move more" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Descending Channel and started a down move.
- It made a huge bounce from the Ascending Trendline.
- Now, it is above a Support Zone, trying to develop an ABC Corrective Structure.
- After that, price will move up towards the Pullback on the Descending Channel.
Weekly Vision:
Daily Vision:
CYCTB? American Express CO. Hello friends,
I feel in this time, it is important to document.
With that being said, I have always felt in the past I was always calling the bottom.
With this chain of posting I will post my thoughts on what I think the bottom will be.
Most companies are over sold and over leveraged.
Hope this finds you well.
Happy trading.
Disclaimed - This is NOT financial advice - Its chart speculation.
"Nasdaq: Top and Bottom Analysis" by ThinkingAntsOkDaily Chart Explanation:
- Price broke the Ascending Channel and, then, went towards the Ascending Trendline.
- It bounced from there until it faced the Resistance Zone.
- After that, it started the down move again.
- We will be looking for sell setups until price breaks the Resistance Zone at 8.000.
4H Vision:
Weekly Vision:
Updates coming soon!
Growth Covid-19 confirmed cases USUS is still on exponential growth curve confirmed cases (no signs of deceleration).