One gravestone and one long legged doji. Todays candle close will provide crucial insight into future price action. A strong move higher today would be very good for bulls, the opposite can also be said as a red candlw would most likely confirm a reversal and would increase odds to the downside.
As per usual, the latest correction stint has made a strong case for...
Apple did the same thing, so did activions, despite both earnings reports being very questionable.
I foresee the strong possibility that NVDA will do the same. Questionable report due largely to the crypto fiasco. But the stock will still jump on the account that its tremendously oversold
Notice in 2000 mattel entered a bear market a full 2 years before the 2000 recession started.
Now look at price action for the last 10 years. Mattel has been in a bear market for almost 5 years now. Overdue? well see.
Check out this pattern on the 1 minute has a very high correlation with the daily chart pattern.
we shall see what this 1 minute turns into and maybe shed some light into a potential scenario that will play out on the daily
RSI showing higher highs however graph is still showing lower lows. On the shorter time frames it is terribly overextended. The daily also very extended itself and has previously shown signs of exhaustion as highlighted in the attached idea below. 2 islands was a strong resistance point.
The fed has declared no more rate hikes which means short term bonds will...