JohnnyOutofPocket
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since May 6, 2022
chartpattern
indicator
trendanalysis
waveanalysis
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Google is showing characteristics of Wyckoffe distribution as indicated by the initial impulsive move up, a buying climax, multiple secondary tests, and this final upthrust movement into heavy call gamma resistance at $210. A close below $200 could precede a major sell-off lasting up to 1-2 months. Will be watching closely on earnings. This is not financial...
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For the past few trading sessions AAPL has been rejected at 240 with big volume. It is currently consolidating under the .50 fib ratio and a close below 240 signals more downsides for earnings. This is not financial advice but my opinion based on technical analysis.
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