Identified levels for T and found that there is some healthy consolidation at current levels. As of 2/15 we are consolidating on a support at 38.12 and have support from a trend line build from the start of the move up. I took the previous trend and figured it into the current trend to create a wedge that could be a good guide to price action going forward. Will...
Stock appears to have fairly predictable movement patterns, and recently hit some strong supports from monthly, weekly and daily levels. Price expectation is that we touch ~$8.09 around Feb 18th, and then try to break out of that resistance by the end of march.
White = Monthly
Purple = Weekly
Red = Daily
This is a review of $NIO, which I charted on 2/28/2020. The price in my previous chart was $4.21, where we had just broken out of the wedge. The next expectations that I had was that it would hit the soft resistance at 4.27, and if it broke, 4.35 and if we're lucky, 4.43. It appears that the price action after breaking out of the wedge proved to be correct, where...
Testing theory with double wedge. Wedges charted based on daily, idea posted based on 15 minute as it reflects S/R the most accurately. Next soft targets are in yellow.
See links for daily wedge charting
Identification of levels based on weekly and daily levels and triangulation based on swing low that initiated bull run to what appears to be a first touch, candle formed 1/28/2020 serving as potential signal of bear run.
White = Multi-Week levels (historically relevant)
Red = Weekly levels (recently established)
Purple = Potential first touch, may signal end of...
