If upper grey trend line breaks cleanly we should see a strong jump up into at-least the mid 1800's/1900 encouraging long entries , However please pay close attention to any rejection that forms as if we reject that same grey line we may retest the lower white line meaning 1700 is very likely along with the very strong support of 1687. I myself scalp therefore it...
As a continuation of previous post, a curiously similar pattern is being formed as the one we saw in June/July. A breakout could be imminent.
Looking at $SPOT we can see a descending wedge. A bullish pattern however we are just needing to confirm a breakout of trend. With the $AAPL news may be the catalyst it needs. In my personal opinion based off of RSI and TTM squeeze, I believe we will see a cool off of buyers before jumping into another run. All of this will be determined by $SPY. I believe we will...
SLP is now in a descending wedge, if this wedge plays out it can yield huge profits.
Here we can see AMC repeating the descending wedge pattern, like it did two weeks ago. Note the MACD crossing and rising Chaikin money flow just like two weeks ago, slightly lower volume however. Could there be a breakout next week?