$MRNA bullish pattern on the micro
micro
we can see RSI Divergence (short term) & cup of tea pattern broke with a 20% + momentum (Day)
macro
$MRNA challenge 2022 downtrend line will it cross it on high volume note cloud be a potential strong long call
if $MRNA shows weakness the following week take it to a short trade
As we can see $INBX "ping pong" between is "R"=resistance and "S" =support levels
Im the case he break is support we got a high chances he will retrace to close his gap or a t least check the gap horizontal support line there is no structure in the way down but recent candela from the prior month shos the move down need to be execute quickly
Final notes
Take...
Macro
Micro
As we see $ADBE challenging her main downtrend line therefore I can assemble a low-risk high reward trade.
Main reasons :
1) Trendline meeting
2) Double-top pattern
3)Market profile (since the gap-up) POC at 330
4)Close below 100 EMA
My main idea in nowadays market is bearish and that's leading me to take a more bearish approach X.X
...
megaphone structure, $S will decide whether it's breaking the support or resistance line of the megaphone.
//(! = break )
!resistance = long
!support = short
with timing and good candle structure & volume to approve the play
(! = break )
