Just spent so long tryna get an exact match on fib levels I forgot which ticker I was looking @ smh
. Anyways - easily a chart I have less than an A+ confidence on, but if you're like me & you heavily rely on your own strategy / indicators, you more-or-less start to see patterns / re-traces / setups that normally, you wouldn't spot if it wasn't one you had a 10/10 A+ "Seen it a hundred times" type attitude. This is one of those. Came up on my linear regression
scanner (A+) for finding tops, but typically sees some consolidation before paying off pretty solid if you take the 2nd look before a trade. I did have this on watch sometime earlier this / last week for the 07/27 earnings
, but didn't pay too much attention just because it was already halfway through beast-mode. Best comparison that'd come to mind off top of my head is $SHOP. Little taller than the ideal double-top, but it goes well with the consolidation @ the top of resistance. Preferable short entry - 20EMA crossing above 223% (green) fib should point to the top, if you're patient, would be an A+ short entry. Might not see much more action til next week, but even then - the downside should be significant enough that 223% (black) fib could / should / might / be @ or around the bottom. In all reality, I wouldn't post a chart had I not seen a potential hella profitable trade so, I'll take a loss or I'll live another day to be a perfectionist.