Couple of things going on with this one. There definitely has been a channel working for sometime now on the 1D chart. You can see that channel in the parallel red lines. I also drew up a possible second channel in bright green lines. If it leaves said red channel for said green channel I think we may see said cup formation begin to take shape. I may have stepped out of bounds on this one, but that's where my eyes took me. I would consider this a very high risk setup as the argument could also be made we just saw a minimal 5 wave impulse and are undergoing wave A of the ABC correction as we speak.
Either way you slice it, this is one to keep an eye on as it has leveled off substantially after a vicious dismantling has taken place.
Additionally, how do I find poop emojis? I asked in the chart as well but if anyone has inside scoop on these I would appreciate it!
Don't take this as advice. Do your own research and don't trust my whimsical chart viewing. :-)
Either way you slice it, this is one to keep an eye on as it has leveled off substantially after a vicious dismantling has taken place.
Additionally, how do I find poop emojis? I asked in the chart as well but if anyone has inside scoop on these I would appreciate it!
Don't take this as advice. Do your own research and don't trust my whimsical chart viewing. :-)
Comment:
Green channel has broken down but price action did explode off the bottom of the red channel which is still in play.
Trade active:
No change here, still riding the channel. 33% growth potential in the next 30 days.