Amazon has been on quite a run lately, it being a titan of all industries. But gravity exists for us all, expecting the impulse wave to finish up around the 2980-3020 range before having a correctional pullback.
Year-long uptrend is still in force, and we now know
BNB is currently in the middle of resistance-became-support channel. It had a strong breakout, followed by retracement of same force.
Conservative or retail buyers shall consider breakout of $20 level a BUY signal and set stop-loss at $18 area.
If $18 failed, we would likely see next strong support at $15-$16...
A divisor of 4.101x, decrease in %age between waves 1 and 3.
Watch for a sneaky drop, the price may fill an inefficiency, fast.
Look at the prices on the Y-Axis, a lot of whole numbers where the gaps are, isn't that strange? At least 50% of the lines are whole numbers... :thinking_face:
I think so, I wouldn't be surprised to see this go much lower...
This could end up being a bull flag, but on a macro level is it really going to change much. I think Andrew Left exposed this company late last year & it has been a slow bleed ever since.
Time will tell per usual.
Hmmmm do head and shoulders still work ?? Gold needs to correct anyway, unless big news come out
THIS IS NO RECOMMENDATION, i don't use patterns in my trading anymore, but I'm short with my other systems on XAUUSD. MANAGE UR RISK