The chart presents a descending wedge pattern, a typical bullish reversal setup. A clear breakout from the wedge has occurred, followed by a successful retest of the breakout level, confirming upward momentum. This breakout is supported by bullish divergence on the RSI, signaling a shift in momentum to the bulls. After the breakout, the price has entered a...
There appears to be a possible wu-tang formation to the upside Fun Fact: Did you know that in the late 90's wu-tang mentioned an American Express Financial Advisors (AEFA which later became Ameriprise) mutual fund in one of their hit songs? The fund was called AXP New Dimensions. I believe it eventually went down in flames due to consisting of junk...
Strong Product, above average moat. Dorsey enterprise has good synergy. Bitcoin/ crypto tech leaders, obvious value add to clients chart setup is good, price moving in an uptrend through the cloud. will zoom higher on exit November 21 area
It is about to break out $20.9. Yesterday's volume was well and if it holds above the buy point, the target will be $23.58 12 months Consensus Price Target: $21.75 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
WU is approaching our first support at 16.08 (horizontal swing low support, 78.6%, 61.8% fibonacci retracement, 100% fibonacci extension) where a strong bounce occur above this level pushing price up to our major resistance at 17.60 (horizontal pullback resistance, 23.6% fiboancci retracement). Stochastic (55,5,3) is also approaching support and seeing a bullish...
Going long on WU for 1 day MAX. will close before EOD on 7/25/18. bounced nicely off 9 day EMA looking to test upper support levels of 20.18 and 20.25... stop tight @ 20.10 to account for a bounce below BBand mid line.
Notice inverted (i.e. bullish) head & shoulders chart pattern in WU.
Market is trading back into overhead/resistance on Market Profile patterns...sell here with the expectation that the downtrend will continue
This is the western union trade. I think the channel will break up.