Ladies and gents we have a confirmed ascending triangle on a close above 5.20 today. We also have a virgin trend on our hands.
Entry: Buy as much as possible between 6.10 and 5.20
Target 1: 7.50
Target 2: 8.90 (ATH)
Add, cut, close at the ascending triangle measured move target of 7.50
Add, cut close on successful consecutive closes above ATH. (virgin...
Though the tether news is scary and I personally cut, price action hasn't really confirmed much. I view tether as a black swan, but the market hasn't really shared that view thus far.
I'm using the ascending Triangle on the 3D as my guide.
Bull case: 3 day Close above 5470 confirms w/ a target of 6150
Bear case: Close below 4990 and busts w/ a target of...
There are a lot of fat cats out there pushing TSLA to their LP's. Apparently quite a few have gotten rich doing it. I can't blame them. Buy things that are going up.
Well TSLA is not going up anymore.
If this month closes below $245, I think the exit door is going to overflow.
I'm expecting a reflexive nightmare to the downside for holders while the rest of...
3 month ascending triangle breakout
All time highs
Breakout to the upside on a 1300 day range
Target: Measured move around the $150's first, but this is a trend trade
Stop: Busts on a 3 month close below 109.95
TIL broke down from a descending triangle and 100 day lows at $64.00.
This chart is why you don't "buy bottoms." First target is $40 second is $31. Break down from there and may god have mercy on your bowl.
Disney, after announcing Disney+ and their outright intention to destroy overpriced, bubbly Netflix, has just breached ath's set back in 2015, gentlemen.
On word of the news, DIS broke out of a 1330 day range started in 2015 and broke out of all time highs. The people love it.
Looking for a solid entry maybe a couple of pips above the 120 level. Will sell 20...