The headline chart is a 15 min chart, but it's easier to see what's really happening on the 5 min chart where it broke a wedge downwards and remains to reject entry back into the trend:
I'll be watching for breakdown entry under 139.64 only if it retests it and confirms resistance. I would be looking for 138ish.
Already played NASDAQ:AMD for +20% today. Continued to +50% on strength.
Welcome to follow for more insights.
Of course, this move is cancelled if it breaks 139.98 and becomes support. Thanks for reading.
Trade active
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OKAY so far: Waiting for 139.35 break for impulsive move down. Needs AMEX:SPYNASDAQ:QQQ to motivate the move.
Trade closed: target reached
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boom:
Took +20%. Fire trade. Follow for more.
Comment
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Looks like still continuing. Great move.
Trade closed: target reached
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Boom. Both targets hit. Good play. Next! Stay tuned for more. Welcome to comment or message me to let me know you're benefiting.
@Isabella78, market goes up and down - in this case it went up from the trendline support. Not sure if it's mostly because shorts covering or buyers buying. In either case, it's the same thing.