Normally, this is a bullish pattern.
The bottom support line is key, so long as we do not break below it, the bias remains long.
However, do note that if the support breaks decisively, I expect a waterfall of selling to take place as longs who are betting on the same thing as aforementioned will be rushing for the exits,
We have two bearish things coinciding:
1 - price is about to retest the 2018 channel support (pullback) which most likely will be rejected
2 - the channel support in (1) coincides with the 50% retracement level off S&P500 all time highs to the December swing low
Every time AMZN daily pierces below lower bollinger bands, it rips back up. I have no reason to not expect the same reaction these next few days.
AMZN bull flag support right around where price would exhaust and pierce daily lower bollinger band.
Very bullish chart TA speaking, you have a triple bottom and a W shape reversal. You also have a multi year resistance line that we broke out of then performed a throwback retest around $4.80 back in July 2018 before continuing higher.
Using fib extension to anticipate a price movement to $18 around July of 2019 - but I expect a stalling at the high retest of...
AAPL will probably take a breather and experience a relief rally anywhere between 133 and 150 dollar range. The actual number will become clearer in the coming weeks as price gets closer to rising wedge support. Green dashed lines indicate consolidation areas that coincides perfectly with wedge support.
This is a big one, I want this chart in my history. Giant flag/symmetrical triangle.
Warmer Dec than expected and we break down hard! But this is a bullish pattern and continues upwards. Lots of ways to play it, might be wise to just wait for a resolution/breakout first instead of front running.
Top chart = 1 hr
- resistance line from G20 highs (black line)
- resistance line from Oct 1 (see below, red line)
Bottom chart = 8 hr
- resistance line from Oct 1 that has had price pause on it 100% of every tap (red line)
If bulls are able to pop over this pink line, we should see a powerful rally, otherwise bulls will need to give up ground to rebuild...
NQ 30 min - blue line is strong support, we have a big bull flag off G20 highs, we need to breakout of the flag and not break blue line support. So long as we stay above blue support line, I think odds are more in favour of a retracement.
Tight stop on blue line of course.