AMC Pattern Update for the week and maybe even next
Updated
Quick little update for this week.
Wednesday morning should be good.
In the case we don't go back down to the downside. We should see a re-test of 46.88 and a bounce to the upside off that. In the case we do go below the resistance (46.88) to the downside, The bottom to that trend should be in the range of 46.08 to 45.31.
IF we drop below resistance, what I believe we could see happening is a lot of volatility and consolidation for the week and into the next week as-well.
Side Note: Im still very bullish for the week and even next week but once we hit price targets referenced in my first AMC post linked below. We will see red days in a reteracement towards previous resistances which will be posted here once we get there.
We are doing absolutely amazing everyone.
Happy trading and remember, don't sell w/ the Hedge funds!!!
Edit: The green dotted line is the resistance at 46.88. Referenced because that's the re-test line mentioned above.
Wednesday morning should be good.
In the case we don't go back down to the downside. We should see a re-test of 46.88 and a bounce to the upside off that. In the case we do go below the resistance (46.88) to the downside, The bottom to that trend should be in the range of 46.08 to 45.31.
IF we drop below resistance, what I believe we could see happening is a lot of volatility and consolidation for the week and into the next week as-well.
Side Note: Im still very bullish for the week and even next week but once we hit price targets referenced in my first AMC post linked below. We will see red days in a reteracement towards previous resistances which will be posted here once we get there.
We are doing absolutely amazing everyone.
Happy trading and remember, don't sell w/ the Hedge funds!!!
Edit: The green dotted line is the resistance at 46.88. Referenced because that's the re-test line mentioned above.
Note
The second link is the Price Target mentioned above.I like to think of it as the Big Picture more than just price targets.
You'll understand why.
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