AD showing a Bear Flag, currently ascending to $315 price target
This is a bullish set up.. Full disclosure I have no position Currently..
1) I would like to see price action get above the current resistances level, and close on good volume.
2) Currently I see this level as $263-$265 range, set by the AD
3) look for previous resistances to act as support.
4) Supply Demand is near/above $340, notice the Bear Flag is not above this level. This is telling me not enough "Smart Money" has committed to this trade fully
5) Price Action is responding to the AD resistances level (look left)
6) Price action has to get above $287 to invalidate the Right Shoulder
Not trading or investment advice. I was asked to chart and show my technical analysis from the AD view and Money flow.
1) I would like to see price action get above the current resistances level, and close on good volume.
2) Currently I see this level as $263-$265 range, set by the AD
3) look for previous resistances to act as support.
4) Supply Demand is near/above $340, notice the Bear Flag is not above this level. This is telling me not enough "Smart Money" has committed to this trade fully
5) Price Action is responding to the AD resistances level (look left)
6) Price action has to get above $287 to invalidate the Right Shoulder
Not trading or investment advice. I was asked to chart and show my technical analysis from the AD view and Money flow.
Trade closed manually:
No more updates will be provided...
Comment:
keep an eye out for msft
Comment:
with spy etf next run up to 417-418, looking to take profits
Comment:
many will chase now, when they should be taking profits
Trade closed: target reached:
target hit
Comment:
they took it higher than I could've imagined, and its over the weekly resistances