The bottom portion of the channel is acting as very good support. Has touched it many times. however, there could be a big move coming downwards. Looks like a big bear flag on the weekly.
Possibly. Look for the consolidation after this in the next few days; maybe make a bull flag. Could be the start of a steeper upward channel.
Wait for it to go down to support and then buy; Aiming for a nice 20% gain; Only caveat is that this could be a bull flag formed; if it is then we can see a big impulse up to make a new recent high.
Its been following this channel very well; it really shows that big players do consider this a moderate buy signal. A strong buy would have a much steeper slope imo. Look for the bounce at the bottom of the channel. And if confirmed, then is an easy few percent up. Safe play imo.
It looked bearish in first half of year; but then something changed and sent the trajectory upwards; Because its near the middle of the weekly channel; its a tough call to say which way it would go. The rising wedge also looks like its getting squeezed. That means that this growth is not fully sustainable. It will most likely take a dive and then continue head...
More likely to fall; look at the weekly in blue and then the daily in red. If it breaks the blue top line, then we can finally see a new channel form; beware of false break though.
Its near top of channel; rising wedge; looking like a likley fall; will follow blue weekly channel.
Blue line: Channel on weekly Red line: Daily overall pattern Purple: Daily Micro pattern Its been in an ascending wedge for a while now; I think this is ready to follow the blue line and make a slow descent towards 80s
All signs point to down side on this; the blue line has been drawn using the weekly; i believe major drop towards 18's.
Very confident that this will go back down towards the low teens; then eventually have a big fall out of this channel; Obv, a lot of consolidation along the way.
Multiple bull flags that played out; Last one is kind of a strange bull flag that people might contest, but i think that it is still valid; The bearish part of it seems to be a bearish rising wedge, but its not nearing the squeezed portion yet. I will be watching this and may take a long trade on this.
Downward channel overall; Falling wedge has been broken; will temporarily go up and test the top of channel; will fall back down;
We will likely see the bottom of the purple wedge. Hopefully without making a bear flag. If we don't make a bear flag then we will eventually see the upside likely towards the high 20's
This eventually has to break below this rising wedge. If today closes strong, i would be willing to take this long tomorrow (as long as it doesn't open highly negative tomorrow). Expecting that it would go an test the top of the channel again; Today or tomorrow however, it can fall below the bottom channel. In which case, i would not be taking the long.
I know that the last flag has a really long consolidation; but that is a scenario that can actually happen; I think big fall is coming.
First post after learning from BItraged youtube channel. ACBFF is getting close to the top of the down trend channel. Watch for confirmation of either a break of the downtrend channel upwards or a touch of the top with continuation below. To be bullish, we need an impulsive move up. If its a corrective move up, it wont be a strong buy. Right now, we can...
Could be a symetrical triangle; But it also looks like it could be a descending triangle. Take note of a possible bear flag to be formed soon; that would give us higher probability to downside.
Its currently in the middle of the channel; I see it hitting the bottom and bouncing off upwards