The chart explains itself at this point.. Higher lows, price consolidation up the tits, and nice wedge forming lets see what happens. cough* cough* its gonna rocket watch
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As long as we hold above this trendline and the 200 ema on the 4 hour I wouldn't worry about this dip
@Captain_Cam, the rsi would determine that , and that my friend is a divergence...
Captain_Cam
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We’re still in an uptrend, unless selling pressure starts flooding in
AlexChalkop
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can you explain what may happen next days? what is the senario?
Captain_Cam
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@AlexChalkop, I wouldn't be surprised to see a pull back down to the trendline at around 175-180 area if we cant get above and hold the 215 area. If momentum keeps rising I can see this start to consolidate under that 220 area to try to breakout of the wedge. Tomorrow will be very interesting with the quad witching day so expect a lot of volatility (We trended downwards last witching) again this all my opinion, Im very long in call leaps and many shares. This is a high conviction play for me and will continue being one until I'm inside Kenny's wife or it hits 4k a share. Im watrching the <CD closely here to see if we cross back up on the daily (It has started already on the 4 hour) so i'm betting on a nice spike going into next week. (NOT FINANCIAL ADVISE) good luck to everyone...Especially anyone short (They need it)
Noob35
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@Captain_Cam, -until I'm inside Kenny's wife- I got the pun but why her assuming Kenny has been in.
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