Am I doing this right?
I see a double bottom form where the pink box is. The neckline to the double bottom gets tested a few times. Cloned the left diagonal trendline and moved over to the right.
Support at $32.25-$33.
Downtrend started on 6/1
Uptrend started on 7/19
Earnings call on 8/6
Timing seems right for a long entry.
Should I go into more detail in future TA posts? (Should I make future TA posts?
This is my first technical analysis so if I'm way off let's talk!
I see a double bottom form where the pink box is. The neckline to the double bottom gets tested a few times. Cloned the left diagonal trendline and moved over to the right.
Support at $32.25-$33.
Downtrend started on 6/1
Uptrend started on 7/19
Earnings call on 8/6
Timing seems right for a long entry.
Should I go into more detail in future TA posts? (Should I make future TA posts?
This is my first technical analysis so if I'm way off let's talk!
Comment:
The double bottom I'm thinking is a reversal. You can see it much better on the 30m timeframe. I think ELY will hit $43