I also see a flag like structure after a deep move to the downside which could be a channel up versus a flag.
I will avoid this one for now.
The trendlines are broadening and are no longer parallel. I find this pattern difficult as it may keep broadening or it may establish a megaphone with another touch or two, and just bounce back and forth between the 2 trendlines which can become wider and wider, or not. Makes my head hurt so I do not fool with it. LOL
Narrowing, (both trendlines slope down and narrow at the apex) can indicate a falling wedge is forming which can be bullish.
I have noted that a channel down with trendlines narrowing or broadening can indicate a change of direction, even if temporary, is around the corner.
Short interest is approximately 4.66%.
Earnings 8-27 AMC (after market closes). It does not appear most analysts are bullish on earnings.
No recommendation.
Today's candle is on the verge on engulfing yesterday's candle.
Most folks prefer thinking with what some call their "fast brain" and we use this part of our brain much more often that our "slow brain". We use our slow brain more for more difficult decisions and it takes more energy to use the slow brain versus the fast brain. Many mistakes we make can be avoided by not being overly dependent on our fast brain.
2x2=? Example of fast brain use
57x57=? Example of most having to access their slow brain.
I will avoid this one for now.
The trendlines are broadening and are no longer parallel. I find this pattern difficult as it may keep broadening or it may establish a megaphone with another touch or two, and just bounce back and forth between the 2 trendlines which can become wider and wider, or not. Makes my head hurt so I do not fool with it. LOL
Narrowing, (both trendlines slope down and narrow at the apex) can indicate a falling wedge is forming which can be bullish.
I have noted that a channel down with trendlines narrowing or broadening can indicate a change of direction, even if temporary, is around the corner.
Short interest is approximately 4.66%.
Earnings 8-27 AMC (after market closes). It does not appear most analysts are bullish on earnings.
No recommendation.
Today's candle is on the verge on engulfing yesterday's candle.
Most folks prefer thinking with what some call their "fast brain" and we use this part of our brain much more often that our "slow brain". We use our slow brain more for more difficult decisions and it takes more energy to use the slow brain versus the fast brain. Many mistakes we make can be avoided by not being overly dependent on our fast brain.
2x2=? Example of fast brain use
57x57=? Example of most having to access their slow brain.
Comment:
Correction, The larger trendlines are broadening. Price remains in a flag like channel
Comment:
If I had to choose between short and long, i would choose short due to the suspicious channel up that is a possible long, heavy bear flag