Showing head and shoulders pattern on higher and lower time frames amidst market news that has been trending lately about tariffs. Swinging throughout the week and will check back in later this week.
Will be updating throughout the week. BA broke out of the downtrend it was making, formed a weekly inverse head and shoulder pattern (neckline already broken), and the Fibonacci extension lines up perfectly. I can see BA pushing up to the 194.73 area (200 moving average) before meeting some resistance. 4HR timeframe shows a Symmetrical triangle or descending...
Saw TSLA broke out to the downside of a Daily descending triangle, and broke below the daily/weekly trend line leading me to a slightly bearish bias on top of the tariff news from Trump. 1HR timeframe showed a mini downtrend and what appeared to be a head & shoulder pattern. Dropped down to the 15 minute timeframe, and saw price broke below the ORB low, made a...
Initially I saw a overall downtrend on LYFT on the monthly, weekly, and daily timeframes leading me to believe the stock is bearish. It reached an all-time-low and started to consolidate on the daily and 4hr timeframe. I dropped to a 1HR timeframe to get a clearer picture as to what the price was doing within the consolidation range, saw a mini trend line formed...
