Chevron broken H&S neckline, retesting and holding as resistance, look left PT 104 last area of consolidation, also vol profile shelf. Risk to Reward favors a trade risking a daily close above neckline recovery
Double bottom bounce off double fib .382, .618, being supported by 200MA, and squeezed by the 50Ma if it can push through, pt1 $45, pt2 $48, pt3 $54. 10-20-30% move on underlying can get real frisky on options chain. The Risk Reward ratio looks good here imo
Possible classic resistance turned to support, rounding bottom pattern, look left Vol Profile Vacuum could trigger a move to 45
Possible scenarios 200MA above will act as resistance along with trendline, however if markets continue the "buy the dip" regime were currently in this gets explosive on the road to ATH with pit stops at 207, 217, 237, 275. Interesting inverse H&S showing up while buyers appear to be stepping in (increasing volume)
AFRM flagging on the daily, coming off a double bottom. If markets can continue buy the dip regime. This can catch some momentum.
AFRM flagging on daily after putting in a major reversal off double bottom and breaking market structure with higher high, increasing volume shows buyers are present in this name. If markets continue buy the dip regime we've been in for a while this could swept up in the momentum
Possible Inverse head & Shoulders and price targets
Based on TD Sequential it appears as though we have a correction coming to the upside which could last for anywhere betweens 1-4 weeks. next level of resistance on the weekly charts is at .69. However if we fall below .44, Next level of support appears to be at .25. Happy Hunting!
even a small retracement to 1.61 would not break trend, and still follow fib to 62%. but all indicators showing 2.4844 in next week or 2.