AAL broke out of a rising wedge and is going to fall down from this gap to the orange level below. It should be there within 2 weeks or so. The bearish resistance gap will push it down along with the momentum from the rising wedge. Have fun!
NASDAQ:RIVN Rivian is going to fall down to $9.13 fibonacci level away from this rising wedge. My fibonacci is 100% accurate if placed correctly & at the right time. This will be the minimum spot it touches! It just formed a rising wedge, a bearish chart pattern, after filling a resistance gap that will push it downwards. It has lost any bullish momentum, even if...
Bearish pennant: flagpole = target. Fibonacci -0.61 = target. Both of these technicals show us we are going to the $0.98 area shortly :) daily chart 50ema/200ema show we are also in downward momentum. Enjoy!
My thought process; I purchased 10/18 $24calls and I will be selling at $27 (most likely) next week. This is following (lagging) the commodity Gold that is heading towards its 2nd fibonacci target (similar to TVC:GOLD ’s $27 one) indicating TVC:GOLD will follow shortly. The TTM squeeze on the 2 hour is just 1 indicator this is ready to blow. My fibonacci .38...