Google made the same pattern for the 5th time in a row after earnings reports. The price finds it’s way to a key moving average, earnings reports are due, then the price gaps, make a “U” shape, and finds it’s way back down to fill the gap. If the “U” shape plays out them building a short position near the top of the next move seem like lower risk with a higher reward if all goes well.
The 1H chart is in a wedge. There is a high probability that the price will break to the upside before starting it’s decent downwards. Considering the current price, the size of the gap up, the distance from the 200 EMA there is a lot of technical pressure on the market.
www.coinstreetnews.c...le-goog-oct-28-2015/
The 1H chart is in a wedge. There is a high probability that the price will break to the upside before starting it’s decent downwards. Considering the current price, the size of the gap up, the distance from the 200 EMA there is a lot of technical pressure on the market.
www.coinstreetnews.c...le-goog-oct-28-2015/