Jet Blue (JBLU): Drastic price movement imminent?
Updated
Looks like a descending triangle forming or at the least, a symmetrical triangle.
If Descending Triangle:
- There will be rapid price drop.
If Symmetrical:
- In a vacuum, the price would experience a significant movement (up OR down). All things considered, it'll be interesting to see how fast this pops (implodes).
I entered a straddle play at $8 Jun 19. Now watch it go sideways instead LOL.
Let me know what you think of this idea.
If Descending Triangle:
- There will be rapid price drop.
If Symmetrical:
- In a vacuum, the price would experience a significant movement (up OR down). All things considered, it'll be interesting to see how fast this pops (implodes).
I entered a straddle play at $8 Jun 19. Now watch it go sideways instead LOL.
Let me know what you think of this idea.
Note
Price has broke out of the triangle! Now, time to figure out what it all means XDNote
I'm just gonna keep drawing triangles until it looks right :D lmfao
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