solid reds: connected using line-chart (inner, averaged)
solid blacks: connected using monkey-bars (outer)
dashed blues: support/resistance within the formation
2017-2018 formation: perfect
2018-2019 formation: crooked
next: will make a run for the 0.33-0.34 resistances, then retrace to 0.30
(it's critical that you retrace those points with your own tools, always starting with the line-chart)
solid blacks: connected using monkey-bars (outer)
dashed blues: support/resistance within the formation
2017-2018 formation: perfect
2018-2019 formation: crooked
next: will make a run for the 0.33-0.34 resistances, then retrace to 0.30
(it's critical that you retrace those points with your own tools, always starting with the line-chart)
Comment:
note that the upper resistance line (dashed blue) on the second formation was made for visual aid and does not reflect a 'touch' by the current run (yet).
Comment:
After pressing "play" you can see that it did indeed run for the projected resistance, and reversed. This stock is now confirmed bearish.
