As we can see in the monthly chart the price of Netflix forming an ascending triangle and before the ascending triangle there was a strong uptrend so i estimate that in some point in the future will be a breakout to the upside.
The ascending triangle is formed with the trend line that formed from 2018 and...
1. The first main trend line begin with the IPO lunch and forms the support line for the falling wedge.
2.The second main trend line begin with the initial structure high at $47.16 and forms the resistance line for the falling wedge.
Falling Broadening Wedge
We can see the Falling Broadening Wedge forming...
Main Support/Resistance Lines
1. The first main trend line is the older one begging from the 90s
2. The second main trend line is an uptrend and begin around 2015
3.The third main trend line begins...
Main Support Lines
As we can three in the weekly, daily, 1-hour chart of Beyond meat we can see 2 main thing. First the falling wedge and second a regular bullish divergence.
1. Falling Wedge
We can see it clearly in all the charts forming...
We can see in the 1-hour chart of Bank of America that is forming a wedge. We can see the wedge with the purple lines in the price chart.
In addition we can also see a regular divergence from 6th March to 23 March while the...
We can see in 1 day chart of Lyft stock the forming of an elliot wave in the downtrent direction and the possible areas of the ABC corrective pattern.
The downtrend was also confirmed by the hidden divergence we can see in the chart with purple lines.
We can see at the 1-hour chart of AMD stock that:
1. ELLIOT WAVE
We see the 1,2,3,4,5 and the A,B,C completion of the cycle and the C probably will lie in the green rectangular zone possibly test the support zone at 34$.
2. Regular Bullish Divergence
We see in the price chart that the price at 27 of February was at 41$ and then until now is falling around $37,...
We can see in the 1-hour chart that Tesla stock from 27 of January until 18 of March was falling forming a downtrend but in the same time in the Rsi chart we see going up from 15 to 25. So we can expect a trend reversal, forming a regular bullish divergence.
We can see on Disney monthly chart that as the price returning at the level of 85$ in the Rsi chart the line is going down and down. So as it appears we might see a true bullish divergence. In addition that $85 level is a strong support zone and the volume in the last candle was very strong i think that the trend might changes and reverses from that point.
In the weekly chart of Netflix we can see the form of a double (triple) top and i we see in the rsi pattern we see a divergence.
So i think the price will go in the next days down until it hits the main support at 259$ and test it.
The week pattern of $AMD we can see the form of some potential chart pattern as in the the past.
Specifically we can see the uptrend at april 2018 ($9) until the september 2018 ($35) and then the price dropped at the previous resistance ($16) that then served as new strong support.Then after moving sideways it broke the new resistance at 35$ forming a new...