There it is.
Plain & Simple.
Consolidation = cup
Retracement = handle
Bull wave to follow > Double top?!
Trade with Caution:
Chart patterns like this are often deceptive and misleading!
Plain & Simple.
Consolidation = cup
Retracement = handle
Bull wave to follow > Double top?!
Trade with Caution:
Chart patterns like this are often deceptive and misleading!
Trade active:
Yeah... mad squeeze rally. Got some 20c calls flipped for 68c and watched em climb over $2, insane. 50c spy calls made 100%, closed and watched em go 300%. Nuts!
Would NOT get long here! Almost certainly another bull trap. Death crosses and RSI divergence looks grim.
Short squeeze is ferocious but brief. Could be mistaken but this looks like a 2nd wave reaction rally after an impulsive bear move on weds/thurs. 3rd wave down next week will be astonishing if the bears get control.
Would NOT get long here! Almost certainly another bull trap. Death crosses and RSI divergence looks grim.
Short squeeze is ferocious but brief. Could be mistaken but this looks like a 2nd wave reaction rally after an impulsive bear move on weds/thurs. 3rd wave down next week will be astonishing if the bears get control.
