PROS Slightly above average volume Bearish Flag HUGE Bullish Candle Breaking all eMa's (except for the eMa 100) Stochastics and RSI are just above the oversold area. Toys/Game/Hobby Sector has a weighted alpha of +26.74 Weighted Alpha of $EA is +76.8 CONS S&P has not broken above 2020.1 (major resistance level) to confirm a short bullish...
Short Term pullback to either the 10 eMa or 20 eMa then a continuation to the upside. Really hard to say what will happen because the S&P is hard to predict but overall its bound to retrace for a little while before an upward move. I do not believe this is an accurate channel @PPages
Identify : Down trend from the Daily chart. Predict : Possible Double Top or Outside Return. Decide : Waiting for a retracement to conclude with a double top. Execute : Not Yet.
Looking to have volume that is two times greater or more than the day before before entering a long position.
Harmonic pattern/ABCD pattern on EURUSD long