I was hella intrigued by the chart originally because I knew just right off top of my head it seemed real familiar. Eventually, I saw the same pattern across some tickers, but $BIDU was (one of) the only ones that lined up THIS similar. I originally posted the idea to get short right before earnings
, expecting a dip to @ or around $199, before falling farther. Except now, I see something completely different. Yellow (20) EMA
+ Green (45) EMA
both above 180 WMA
, whereas 55 (low) MA usually lets price determine what trend is after a dip (whether or not price consolidates above, or below 55 low MA). Lately I've been seeing plenty of tickers going through rough patches but, this week more-or-less, consolidated around that 55 (low) MA and after this week, are just now continuing the bull trend. With $BIDU, 223% matched right around 78.6% sell-signal from its high. With $FDS, 200% is looking like that same 78.6% long target / short entry. Essentially, once that 55 (low) MA begins to cross-over 180WMA, should see another dip right where it crosses over, with another continuation; which, is exactly where $BIDU is currently @.