From now on I'm going to be leaving my bias out of these posts as I wouldn't want to corrupt anyone else's bias. With that being said, I'm going to let this chart that I made for your review speak for itself.
I will say one thing tho. If I had seen this setup before close on 7/10 I would've swung calls into today.
(Trade with caution)
1. Well Respected .618 Fib Retracement Level
2. Strong Support Level at 232.75
3. Cup and Handle Pattern Forming
4. Strong Candle Bounce Off of .618 Fib Level
5. $ES Futures Looking Very Bullish On 1H & 4H timeframe.
Disney is consolidating at the bottom of it's channel. It's been in consolidation for a week now and it's ready for a move to the top.
It has now formed a bullish pennant and has been tethering a breakout of consolidation.
If you look closely at the bullish pennant you'll see the recent price movements hinting that $DIS will soon breakout of the flag.
Facebook held up the breakout today (6/23). It's currently in consolidation right above it's previous flag. Due to the strong fundamentals of this stock I believe that it continue to rise. I'm long on Facebook as it has proved that it is resilient to COVID news. Lmk your thoughts below in the comments.
Here’s my 1st TradingView analysis. I’m very excited to be learning TA, so here’s what I have. I’d really appreciate it if anyone of you more advanced guys could give me some advice to strengthen my TA.
Feel free to follow me on my journey. From beginner to advanced.
Once again any advice would be highly appreciated.