*A&E Double bottom confirmed *Epic trend line broken *200MA broken *Weekly CCI +100 Looks good to me!
I recently began using OBV more in my trading and I find it very interesting to say the least. To keep it short, the main thing I would like to point out is the correlation between the last two significant drops and what we are currently facing. Using an OBV trendline established during the SR drop and the current wedge forming on OBV I'd place the bottom around...
There is an ~4% increase on each bull trap, along with the 22% decrease. Here is one possible outcome.
Interesting pattern that may repeat. The last three floors have been 22% apart. Will we see this again?
Hey traders, this is my first published idea. I took the averages from the last few corrections and plotted the peak lows and highs. This is by no means a prediction, but with the new "news" and the already unstable market, it looks like we have a long ways down. If this drop continues, I plan to buy in around $350. Let me know what you think!