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F1SL34 trade ideas

Inverted Heads & Shoulders or Double Bottom?- My initial thoughts for FSLY is that it will form a inverted heads & shoulder (yellow line). - However, I'm having second thoughts due to the market conditions and bong yields % on the rise, will this form a double bottom (blue line) or maybe even worse? I'm new to trading and this is my very first idea as a beginner. Would love to hear you guy's thoughts and opinions about this! Would also be open to hearing your advices on drawing charts :)
NYSE:FSLY
by FortuneRise
9
PullBack FishingPossible Stop below 57.5. Close enough to call a double bottom, as long as it does not get thrown down again (; Right bottom right now would be 58.21 and 1st bottom is 62.20. It is not unusual for one to be higher than the other, but any further down, I would not call it a double bottom. Perhaps it is a bullish shark pattern. It is trading in some sort of harmonic pattern, and only the cypher pattern and the shark pattern have the 2nd peak higher than the first peak. It has pulled back too far during the last leg to be a cypher pattern. It is qualifying as a shark but no way to know if the end of the leg down is the end just yet. We can only take an educated guess and no one is always right. Any pattern can fail just like any trend line or level of support can fail. When harmonic patterns hit the completion zone, they can be very volatile, especially when the security in question is in a sector that has been catching hail (o: as of late. Long entry level is usually viewed as a at or above level. Targets 2 are longer term and may or may not be met. I focus on targets 1. Not a recommendation. Researching before you jump in can help a lot. Practice does not always make perfect but it sure can help! Loose stops as of late seem to be a good idea as well if you plan to hang with Mr. Market. I looked down Friday morning and I was almost totally in the red except the stocks I bought in the defensive sector like PEP and PG. Then by the afternoon I was in the green for the most part. It can be very hard to trade a market like that so I am trying not to beat myself up! LOL
NYSE:FSLYLong
by lauralea
Basics of Chart reading and drawing support/resistances lines. Hey guys, I had people ask me how to draw support and resistance lines and also the basics of just reading a stock chart. Always work your way from outside to inside. You want to see the whole picture and not trade in a vacuum. Some people call it supply and demand zone. When I started day trading and swing trading, I started out with drawing out these lines. This is part of technical analysis. Trust me, this is one skill you will want to have and it can be very profitable if you find the right stock ticker to swing trade. I can it rinse and repeat. If you do it right, you can actually make someone's yearly pay check or even yours. So usually I would record off my Ipad but it makes so much time to edit and upload to facebook. I'll just try this on tradingview and post on Youtube for my friends who are interested in learning the basics. If the quality of this sucks, I will use my iPad next time with cartoon Me and post on YouTube. Posting on FB takes way too long. Next time, I will go over the basics on how RSI, Simple moving averages (SMA), and Exponential Moving Averages (EMA) works. How to read them on a chart to see if the stock is on an uptrend or downtrend. This will eliminate FOMO. Enjoy.
NYSE:FSLYEducation
by FMD70