Chart posted 7-7-2021 approx 9:45ET. Well see the previous post- the call was made.. but we needed a break over 126.00. You can see a significant resistance line (in red) that had to be broken. Also note the embedded harmonic of a shark and crab pattern. Usually these give way to big moves upside. The linked previous chart will give long term target- this chart provides intermediate target.
Note
As soon as we saw the resistance break the entire market just took a dump- we still sit on top of the resistance line. Market trying to figure out what it wants to do.Trade closed manually
Market meltdown this am... trade patterns are busted.Note
PTON may bounce on low side of the pattern, but will need to se emomentum in order to get back in.Note
Looks like we got good action- Stop Limit order has been placed for a rise over the resistance area. Note on this pattern setup- 1 pattern has already completed- the shark pattern has just started if it gets over the resistance ($124) area should take us to the goal.
Moorsc0de aka Crypt0nomics aka Zaphkiel
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Moorsc0de aka Crypt0nomics aka Zaphkiel
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.