In my initial write up i had mistakenly used the wrong settings to find volume , this has caused the resistance zone to be misplaced in the original.
It has since been updated in this chart and BTC should continue to avoid this remaining in this supply zone for some time. While im still uncertain of how far this BTC correction will play out for i do believe we...
TLDR : Expect ranging , dip and then blast to orbit
For valid supply takeout pattern structure should have these components:
- clean stage 1 ahead of it
- does it have stage 2 (both of those stages are a must)
- does it have stage 3 (optional, but its a plus)
The most important stage 4 is a momentum takeout, or if not that, at least an obvious micro shelf buildup...
It looks and feels like MCD will be hovering/consolidating around the $160 mark until more news comes in to spurt growth back into the $170 range. No major recovery from February has really taken place, even with the last quarter beats. Death Cross?
As a company embracing more technology, initiatives have already been taken in the first half to help grow the...
