My third post:
RSI < 40
Support of trendline
Potential Gartley Pattern setup.
If pattern completes, potential first target, 77.72.
I would enter long here despite gartley pattern not completing.
Hope you can give me some comments! would love some interaction!
ADI has to overcome the consolidating downtrend.
If ADI could trade above the last valid mangenta "2" a longsignal would be generated. TPs on the way up could be 65,5 / 68,5$
Trading above 68,5$ will accelerate the upswing-move.
The Chart turns beraish with Prices below the last mangenta "3?" and in particular below the last red valid "2"
If you like it -like it!
1) ADI has retraced back to a validated uptrending support level
2) ADI has pulled back while pushing through its lower bollinger which should be viewed as a high volatility pull back long opportunity typical of most uptrends
3) Both the 100 simple moving day average and the 200 simple day moving average remain in a bullish configuration with the price above...
Today we have seen a drop of 2% with below average volume behind it.
This indicates to me that this move down is just a small correction and I will look to get a long position from my buy zone which is highlighted green.
Quite a simple set up and not much more to say about it!
