Heikin Ashi makes patterns and price action easier to detect. Although these patterns also can be seen on candlestick and bar charts, they are harder to spot.
The twin patterns hint at how price is likely to move the next week and a half up to earnings.
Short, mid, and long term PTs and trade length may be approximated from IEA's historical behavior. 4 rallies and 3 consolidations/corrections in the chart, keep in mind rally 4 may not be over so will have to wait and see how it develops this week. Can use average/median/mode to identify a goal, you pick.
Weekly channel is up ---> bullish
Strong tests of resistance fail to follow-through ---> bearish
Price volume higher on bullish bars and decreases on bearish bars ---> bullish
Price action can be interpreted as distribution or accumulation ---> neutral
Increased institutional interest ---> bullish
Dilution ---> bearish (probably short-term)
Levels based on the daily chart (higher time-frame ---> more significant levels)
Price may hang around these levels on the way up ---> long-term trade
Short/Intraday trades ---> potential entry/exit levels
Strong breakout and close above triangle on high volume ---> likely to continue upward
After closing out options, looking for re-entry
2 price targets identified from point and figure charts: 144 (short-term) and 209 (mid-long term)
Entry point is at the 1hr support level around 114.98 (may go to 113 level but this seems less likely)
Planned entry 114.98-115.15