VISA34 trade ideas
Past lines helping indicate future price movementsSo there are alot of areas the price can travel through. The thick lines are indicative of past price actions with at least 3 points each. We are also trending in a descending pattern.
But we are now trying to test top of the channel and even the bottom of one of the bullish price lines.
If we can break through both of these we should be able to rally until earnings, if we cant then we might be bouncing for a while until earnings.
Testing bottom of channelV looks poised to be testing this bottom of the long term channel (green lines)
Either we will bounce off and then rally (in which i will be adding to my 150C 12/21
Or we will break through and see a freefall indicative of a market retrace (in which i will pull out my calls and shove these babies into SPXU)
either way im still very bullish on Visa
