Spotify was in a long channel since Jan'19. Spotify breached the channel yesterday in a single candle with super abnormal volumes.
Why?
Spotify paid Joe Rogan $100 Million to leave youtube by the end of the year and transfer all of his podcasts on Spotify. This is definitely huge for Spotify in the long term. If Spotify does more deals with content creators of...
23rd, March 2020: the high was $9.81
24th, March 2020: The low was $10.66
-> MGM's price never returned back to $9.82 to close the gap that still remains. It's a hole in the price of MGM.
03rd, April 2020: The lowest price came was to $10.00
The market has a gap between: 23rd March at $9.81 and at $10.00 on April 3rd.
There is a 95% chance that the gap...
Funny how he didn't say it was his cat that ran over his laptop.
Trading would be much easier if the CEO's started giving trading calls before pre-market.
A lot of advisory services will shut down xD
Anyways the markets are in a downtrend.
This is like cutting a falling knife with an ancient sword.
If the stock closes below 685 more fall can be expected.
Weekly candle Big bearish shooting star
Daily Candle closed below support line
H4 RSI diverge making a lower low breaking support line
H4 MACD Crossover signal to go short
Weekly looks bearish and on lower time frames we can see a clear triple top formation
its a good opportunity for a short after resistance breakout
MACD & RSI showing a big divergence on the tops making lower highs instead
H&S formed on the Hourly chart at the support level of the tunnel.
There's two scenarios here:
1- H&S breakout confirmed and this will also confirm the tunnel breakout. Becoming into a strong selling position
2- H&S fails and price comes up to test previous resistance level completing the wave (5) followed by a big pullback correction
MACD and RSI should...
