TLMD - CHANNEL BOTTOM + FALLING WEDGE = BOOM GOES THE DYNAMITE
Updated
All,
This is a crazy crazy setup. WW here for sure. Needs to hold this bottom. Easily worth taking a long here stop loss or not. Id probably not take a stop loss because sooooo many times it dips below all time low and support bottom falls 5-10% then moons. Happens literally all the time.
I know not a high volume stock, but if this is right you can long hold for at least 20-40% gain if not more.
MUST hold support and/or small dip under otherwise invalidated. HOWEVER following the falling wedge fails as well dips down and STILL in the falling wedge is fine just follow the # of attempts hitting falling wedge wall afte 3 rejections should be end of that. So either way this setup will blow up soon or easy to follow after.
This is a crazy crazy setup. WW here for sure. Needs to hold this bottom. Easily worth taking a long here stop loss or not. Id probably not take a stop loss because sooooo many times it dips below all time low and support bottom falls 5-10% then moons. Happens literally all the time.
I know not a high volume stock, but if this is right you can long hold for at least 20-40% gain if not more.
MUST hold support and/or small dip under otherwise invalidated. HOWEVER following the falling wedge fails as well dips down and STILL in the falling wedge is fine just follow the # of attempts hitting falling wedge wall afte 3 rejections should be end of that. So either way this setup will blow up soon or easy to follow after.
Note
crazy change in price but would have been a ripper if you bought and sold correctrly
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