This company's stock price has been trading on the sideways for quite some time. Looking like a bearish bat formation on weekly time frame. when zooming into hourly timeframe, a buy opportunity on breakout of bullish flag pattern with stop loss below the lower border of the flag. Should present a risk reward ratio more than 1:1
Uncertainties in market ( stimulus or no stimulus package) would typically give birth to harmonic patterns. It is well known that cypher pattern usually has higher accuracy compared to gartley or bat patterns. TAYOR.
against a very strong bullish sentiment amid the ongoing pandemic which has no signs of stopping yet, does this double top formation on the daily timeframe will hold itself? Overbought RSI showing lower high compare to the first top in the price action chart.
My previous attempt to enter the market got crushed with the Q1 loss report published last week but the support at 70 cent area is holding up with a higher close candle formation on thursday and the price was below RSI oversold level on previous candle. I maintain bullish bias as long as the price do not close lower than 66 cent. For a more conservative entry may...
It is very interesting to see the same pattern coming into completion. The price movement is showing the market has a lot of uncertainties in it. Another knife is about to drop? ofc i might be wrong. but this pattern just give us the reason to enter the market.
when there are many uncertainties in the market.. fibo patterns would popped up. Maybe the start of a new massive sell off of the cliff? anyway, this bear gartley could be the reason to enter the market if this played out like anticipated. TAYOR.