Hey, Been a few days, i started a T-Shirt designing brand of all things. Obnoxiously Humorous T-Shirt and been doing that the last week or more while its been boring waiting for markets. Can find it by the same name on Facebook group & page.
Now, when the market pumps like this you might get more out of it over the weekend. But its a strong pump and a good...
1. THREE WEEKLY CANDLE REJECTION AT PREVIOUS MONTHLY SUPPORT @1686
2. MARCH 15 WEEKLY CANDLE CLOSE ABOVE PREVIOUS MONTHLY RES @1733
3. MARCH 22 WEEKLY CANDLE FINDS NEW SUPPORT AT PREVIOUS MONTHLY RES OF @1733 NOW TURNED SUPPORT.
4. MARCH 29 CANDLE RETEST PREVIOUS MONTHLY SUPPORT OF @1686 ( MAJOR REJECTION )
5. APRIL 5 ...
This analysis is purely based on price action and Chart Patterns.
The analysis is on daily TF hence target can be achieved in couple of days to weeks.
Logic, Entry, SL and Targets are clearly explained in the main image itself. Feel Free to comment for any queries regarding the above stock or price action analysis in general.
Another image explaining the same...
TTWO current consolidation pattern presenting some good opportunity to establish some Leaps expiring 2021. Current support level for wave (4) at 149.5 setting up for a medium term wave (5) rally that could last for months. Check Video Update for exact trade execution details
after the destructive earnings the stock is in a current downtrend. I hope it will turn at the 61er retracement. The buy area is placed and a good chance to set a stop buy. The RSI also give a good buy signal. In case the stock doesn't change the direction, you can also hold the position as a dividend position (3,5%).
Stop Buy: 38.75$
Wait for the right point to go for the sell position on Aussie dollar to USD, AUDUSD will just decrease to lay on the support level (0.67250) as a pullback
...Take it into consideration anything can be possible to happen, if it breaks up the support level this idea would be failed.
You never quite know where the next big wave or gust of wind is coming from, but...
Giant wedge shape - playing out nicely with simple supply and demand !
- Im selling 50% of my BTC now..been a nice ride so far
- I will watch to see daily supply zones being created inside this Weekly supply zone, then ill sell the rest