For those of you who are following along with me on my little obsession with AMD, the past week was pretty exciting for those who were shorting the stock as the price dropped out of that short-covering rally like a rock for a $9.46 gain.
AMD is now reaching a very uncertain area with 3 support levels to get through and it's actually touched an ascending trend...
ADA experienced a triple top pattern against the resistance ~ essentially making a bearish indication. There was also a "three bullish line stick".
My, at least, 2 indications that ADA is very bearish
My first post, please be forgiving...
Here's a look at a "mega" weekly pitchfork and major price pivots. The way I drew it, price has recently reacted to the median line, with highs reaching just above the 0.625 pitchfork level (each line is a 0.125 increment of a pitchfork).
Of course, this isn't really a valid pitchfork, since prices have never reached the 1.0 level in the first place to create...
