CRWD has an ugly looking top and price is barely above the neckline which is 183.30. The neckline is a level of support until broken with a downtrend.
I see a channel up that spread out and went horizontal after a break of the bottom trendline of the channel. The channel up looks a bit too long and heavy to be a flag.
A small rectangle is forming with 5 douches so far. This is a horizontal trading channel that is neutral until a trendline is broken with a trend in that direction. Some use 2 candles, some use 3 or more candle closes to confirm a trend and even then it can change directions. The rectangle is just above the 50% trend retracement level.
Volatile stock.
Targets above are for a break of the top trendline of the rectangle. (194.85)
Targets below are for a break down from the rectangle and separate for the ugly top.
No recommendation
I see a channel up that spread out and went horizontal after a break of the bottom trendline of the channel. The channel up looks a bit too long and heavy to be a flag.
A small rectangle is forming with 5 douches so far. This is a horizontal trading channel that is neutral until a trendline is broken with a trend in that direction. Some use 2 candles, some use 3 or more candle closes to confirm a trend and even then it can change directions. The rectangle is just above the 50% trend retracement level.
Volatile stock.
Targets above are for a break of the top trendline of the rectangle. (194.85)
Targets below are for a break down from the rectangle and separate for the ugly top.
No recommendation