It took 4.5 years, but the earnings report crash yesterday took it within 2.00 of the March 2020 COVID crash lows. Talk about a ride! The rectangles are gaps to fill, and I got an old 2013 one around 42 still to be filled.
Ever since the run-up in March. Lowest trend-line is to allocate for those brief dips.
Not at all! Just these gaps (rectangles) to fill, put it in correction territory already.
Hmmmm...on the daily and especially with some of the swings lately....ahhhh gold. This week's CPI/PPI will show more!
I draw too many lines sometimes. Sue me. -The orange lines I started after the first 2 tops hit for the channel. When I draw one, I clone it for the lower side, otherwise now we have triangles, wedges, flags, something else of a pattern. Past idea I published had it right off of that lower bounce for the rebound back up. -3 attempts since the 1st top of the...
Talk about a wedge! Really?? Truly?? I mean...it bounced off of those $10 lows and all...
Which way first eh? Quite a few stonks are getting "gap trapped" like this and something's gotta fill eventually!
Might be the extreme low end of the channel, as that lower trend line can move up some, and then indicate a small "breakout" below it. Not bad so far given the recent halving...
Which one to fill first with earnings in 2 weeks? The bottom one from a weekly chart? Or the top one from the daily chart about 2 months ago?
Just playing on the chart after that lovely recent news, and how about that. A gap on the weekly chart...
Just take it to the end of the channel why don't you with FOMC coming up...
I mean...that Sunday night spike up top there had to mean something for now, no?
I guess what runs up must run back down again. Current 4h look with a few different lines for range ideas.
You know how you are just glancing through charts...looking at basic and quick comparison kind of stuff...not really digging deep or anything... And then a pattern just shows up clear as day even though you're looking late at night? This could get very interesting for the next few months and look out for that stick-save of a bounce! (Possible Fib tsrget area in...
Red line of 15400 seems to be a pretty solid support/resistance area.
The trend stays for now! Back up to...1840? Or does it finally break & hold...
And all those gaps still to fill...c'mon Golden Cross, it's been a long time!!
Choppy choppy go the gas prices...and now a new gap to fill....