If it goes down, 3.11 and 2.86, if it goes up. filling the gap at 3.80 and 4, 4.20 are price targets. It's at very strong support right now. This is my idea and could be wrong 100%,
I like that 2.84/ 2.85 / 2.86 area (really strong support there too) but I would want to see a wick with a bullish head above the trendline or something telling me it rejected breaking that before going in.
Just my two cents. See how it plays out... I think breaking that 4 area might be a struggle and that 4.48/ 4.50 is .. well nothing says it wants that at this point.
CJS04
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@shkspr, I have never seen anything like that before... what the heck??? lol
shkspr
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@CJS04, It's part of my workflow usually, use this P/F charts and patterns, it's tough but entertaining.
@CJS04, lol. it's cool, and it's patterns are limited, it has some settings on the chart that is really important and will change bearish to bullish meaning by changing just one variable, but definitely if you be master of it, it gives you an edge, I still learning and trying to figure it out.
CJS04
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@shkspr, I have to say, hands down you have every corner covered. I hope you break the code to making millions. If anyone is determined, it by far is you. Ever consider getting a Bloomberg terminal and subscription? lol. Might sound funny but I was going to when I first got into the market.
shkspr
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@CJS04, haha, thanks for compliment, I'm just curious to learn, I believe I am just a novice trader, my account size and foolish mistakes is my proof, lol. take a look and lets have a video call, we have many things to talk, I wish I was in CT still.
CJS04
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@shkspr, I will for sure.. hopefully tomorrow at some point. I hear ya... I made plenty of mistakes... had a ton of beginners luck playing earnings early on till the one earnings I took a massive, massive hit. Messed me up in a big way psychologically. I am testing some things too... if UXVY hits 23s.. I am buying more.... lets see how it works. I am already in but looking for that thing to move in a big way when the market comes down. Hundreds of percent. Curious to see if the 23s are seen on it. If so and some more testing... I'll share. We will have to touch base.
Just my two cents. See how it plays out... I think breaking that 4 area might be a struggle and that 4.48/ 4.50 is .. well nothing says it wants that at this point.