- 3 year cup pattern formed - breakout confirmed Jan 19 and 20 with large volume - 50% retracement after breakout is healthy - Appears handle portion is forming now, can only continue to watch daily - my analysis, DARE is forming another consolidation pattern (handle) prior to next move up
Healthy after a large price increase to move sideways and consolidate. My question with GME is the possible 80% trading swing while it consolidates. I don't think it's necessarily bad if GME finds support above 260 and moves slower upwards, have to wait and see. Part of technical analysis and chart recognition is predicting and preparing for the intended...
EDUC held up strong during first leg of correction. Watching market direction closely. Double bottom base held, change in market direction expect a strong movement upwards.
Double bottom base looks promising, looking for well above 50% volume to confirm breakout if / when it happens. EDUC appears coiled up and ready to pop, of course have to watch how this unfolds, each day is a new piece to the direction.
Towards the end of 2020 BTC trended well. Starting in 2021 the mainstream media picked up more stories, ETF's are now an option, DOGE pumping on reddit hasn't helped BTC, my opinion of course. I believe this is scene in the price swings beginning in Jan 2021 as they became wider. Price swings are often a sign of a top, correction, some type of consolidation period...