Potential weekly inverse H&S forming - 240s major target if we break out & hold with volume!
We're at a key level. We need 1000 to hold or we can flush to fill the 940 gap!
Potential small retracement before a rally to new ATH. Inside a large daily C&H pattern
At a key level, potential short term retracement or pop back to the supply zones
At a key area. Potential flush or hard bounce. Tons of demand zones & supply zones.
Bull pennant forming - if we flush out of it.. we have a gap down to fill. IF we bounce at bottom pennant - we have multiple supply zones above.
Great news catalyst - potential continuation rally here. HEAVY WATCH
Possible BTD play to ride it back up towards top of weekly bull flag resistance & gap fill
Possible further downtrend for MU Setting up in potential head & shoulders pattern
Setting up in a double bottom right now - Possible movements
Big picture - Head & shoulders forming Small Picture - Starting to create a 2HR double bottom after recent sell off, rejecting new ATH level. Still in a solid uptrend, creating higher high & higher low
Weekly breakout Friday creating new ATH. TTM / Stochastic on larger TF’s shifting bullish. Smaller TF’s bearish. We want 1635 - 1640 to hold and create a base in order to see 1700+
Bounced strong off the weekly TF. Rallied hard Friday creating a bull pennant. Failed breakout but created an hourly demand zone & a double bottom intraday. Daily Inverse Head & Shoulders setting up. TTM & Stochastic turning bullish. Watch above the 345 neckline for safe calls.