Just looking at the chart of Bitcoin, it could be setting up for an inverse head and shoulders for a short term bounce.. It would have to break the neckline around 4100-4200..
I've positioned myself early in GBTC at 4.37 with my outs being around 4.16 and 3.84.. My target would be for a gap fill around 6 or close to 6.. Kind of a long shot, so I'm not really...
I'm speculating that the market (SPY) will bounce off the 240 area for an ABC correction in the 4th wave to the 250 area, where the 20 day MA will catch up.. And then one more leg down for the 5th wave to make new lows in the 232 area, which coincides with the measured move out of the channel and the long term uptrend line from 2009.. To be determined
I've kinda...
I'm anticipating a bottoming head and shoulders pattern for AMRS. I've been long from 11/7 at $3.25. I entered a bit early to snag a position, and I'm using the bottom of the right shoulder area around $2.80 as my exit. Looking for a short term measured move to near $6 if it can break the neckline and hold above $4. There's also a gap fill close to $8, which would...
This trade is somewhat more complex for my taste with a number of different short term and long term plays.. However, the overall trade is to the long side based on the weekly and daily charts.. As you all know, this is purely speculative based on the chart pattern..
What started out as a short term trade has now shifted to a long term trade.. I entered very...
