Trying my best to keep things simple!
Were at the bottom of a wedge, just floating in no mans land. We have the 618 right above, and the 786 below equal distance.
On the 4 hour, you can see sell signals at the top of the wedge, creating the last selloff.
No buy signals in sight besides the more irrelevant smaller time frames, with the Ichimoku cloud directing bearish.
With the 786 level just right there below, Im lead to believe we will fall to that level into a wedge until the end of the year.
I do see a bounce coming this week on my yellow brick road, but will ultimately fall to the lower levels.
You can see momentum leading bearish as well, with the bolly bands tightening up month by month.
Long term this will always do great, but I try to play the bounces with no emotion!
Another level to be aware of is the $4.20 area, (ironic). Only if the 786 wedge fails to break out coming November!
Happy Trading, Debating, and Speculating! I want everyone to win!
Were at the bottom of a wedge, just floating in no mans land. We have the 618 right above, and the 786 below equal distance.
On the 4 hour, you can see sell signals at the top of the wedge, creating the last selloff.
No buy signals in sight besides the more irrelevant smaller time frames, with the Ichimoku cloud directing bearish.
With the 786 level just right there below, Im lead to believe we will fall to that level into a wedge until the end of the year.
I do see a bounce coming this week on my yellow brick road, but will ultimately fall to the lower levels.
You can see momentum leading bearish as well, with the bolly bands tightening up month by month.
Long term this will always do great, but I try to play the bounces with no emotion!
Another level to be aware of is the $4.20 area, (ironic). Only if the 786 wedge fails to break out coming November!
Happy Trading, Debating, and Speculating! I want everyone to win!
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One more thing to mention, we could see a false breakout to the 618 as well with all the hype and hope around these stocks, with a pull back to the 786.
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It bounced perfectly on my yellow brick road. Sell zone still active!
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Seems to be creeping towards my first sell zone. Updated chart. No sell signals yet.
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sell zone still an area, just a little later, ill stretch it to the right.
Still waiting for a pull back for a safer bounce.
Still waiting for a pull back for a safer bounce.
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thats the daily chart above, hence the slight image difference.
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still waiting on a deeper safe entry. do we see a bounce to top and back to buy zone? or just a deep into the deep todd green.
Comment:
wow i just read my last comment and had a type, and you cant edit after you post.. deep into the deep todd green.. anyways, oh hey it bounced on my purple bouncy line.
i wouldnt trust it to reach the top of the wedge.
i wouldnt trust it to reach the top of the wedge.
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just an update, looks like we may bounce, with buy signals stacking, and momentum bullish for the moment.
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has bounced off my larger wedge perfectly, with positive indications at the moment. waiting for more info to proceed.
waiting for buy zone before safe entry.