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Broken out quite so beautifully - seems pretty bullish atm - price target is based on the distance from bottom to top of the falling wedge. Will be interesting to see what happens the next weeks, before they get included in Rus 2000. Expecting resistances at fib-levels, seems like they are respected currently.

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Who will win? Bulls or bears?

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Looking pretty solid here imo

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Wouldn't buy this - price action needs a healthy correction, way overbought for weeks, should plummet soon

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Will history repeat itself?

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Due to tons of dillution, wyckoff patterns can be hard to spot on the price - however, i noticed that the monthly RSI had some pretty large similarities. This would suggest the markup phase would begin Late Q4/Early Q1 2022.

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4th retest should be the final one - currently seems to be failing, due to the reverse hammer currently shaping.

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Pretty simple stuff Seems like a hidden bullish (continuation) divergence have played out, though it failed so far. However, a regular divergence is also playing out atm, and could be supported by strong support on the Daily 200 SMA Dividend registration day is today the 2nd of march, and will be paid out the 4th of march.

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...Imagine if... - SP500 peaks right below 4500 - Head And Shoulders price target at 1.0 Fib Extension from march 2020 lows - New money will be told the old saying "Sell in may and go away", and will not fear that a bearmarket is slowly starting - New money will buy in all summer, providing liquidity for larger players to exit - New Lower High will be made Late...

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Keeping things simple

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Since volume based resistance at 59-60$ got wiped yesteday, only fib extension/retacement levels + psycological levels seems to be possible resistance zones

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Huge wick/Hammer + Volume spike off of the 200 day SMA today - Could this indicate the short term bottom for Orsted?

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Todays Rejection Wick off of the newly established upgoing trendline could mark the beginning of the end of the 47-month long downtrend. Biggest hurdle is the massive point of control at 0,222 SEK, but recent volume, uptrend and todays wick coupled with low rates from FED/ECB should make the odds of breaking free slightliy better. Nothing is given with Oscar...

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Head and shoulders hiding in plain sight? Almost seems to obvious. No rate hike could support the head and shoulders in evolving

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Since my last update, Orsted has been sitting just under the Support at the High Volume Node, and also been shaping what seems to be a double bottom on the 4-hour chart. On a bit longer term it also shaped a bearflag/bearpennant, which should be rejected due to higher time frame trend such a's long term EMA's & RSI. Currently a hammer-candle is present on the...

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Seems like it's make or break time - a lower low would establish a beartrend since the uptrend would be broken. A bounce off of the high volume area would continue the uptrend. Bear time if the price drops below 1025.5 in my opinion

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Seems like todays earnings could be the catalyst that proved a rising wedge is forming. Wedge seems to end mid/late may, where a pullback to around €7,8 during summertime could be expected, before possible continuing the uptrend in early september.