2 criterias for breakouts with FLT-C :
- Break a minor downtrend
- Be above 50MA
With these criterias, it worked 4 out of 4 times. Each time it grew at least +25%.
We're at 0.66
The 50MA is at 0.69.
We just broke the minor downtrend.
We're sitting on the uptrend.
We just formed a head & shoulders short-term.
There is a larger head & shoulders under...
After -36% almost non-stop in 17 days, we are back in the zone with potential supports (and reasons for the drop to stop). Here is how we could look at a reversal :
VOLUME : Since Oct 13th, went from very small volume to 3x volume size on the 20th (highest daily volume for DKNG, all-time), after which it dropped by half. This is a "movement-ending volume". The...