wemadeit

wemadeit

see chart

wemadeit

see chart

wemadeit

see chart

wemadeit

see chart.

wemadeit

Waiting for correction to complete and thrust through the trend line for new highs???

wemadeit

looks bearish. see chart

wemadeit

Thoughts on chart

wemadeit

Corrective. Looking to go long on trend breakout.

wemadeit

Divergence suggests that the Derrick Rose and the Bulls are just about done and Marc Gasol and the Grizzlies (Bears) are about to step in and have some AKAM for lunch. 5,292,263 4,788,541 503,722 10.5. 10.5% short increase

wemadeit

Divergence suggest that there is further downside to come possibly down to the $72 - $70 range.

wemadeit

Such a far cry from the 220.50 high. but there is some divergence suggesting that some of the selling has been/is being exhausted. Could see some buyers stepping in around the 108 range.

wemadeit

If this is a W4 correction that we are currently in, I'm looking for a w5 move to match the length of W1 Break below trendline past 119.32 signals a reversal of the recent highs.

wemadeit

I dunno if this qualifies as a descending triangle. Guess I'll find out soon enough!

wemadeit

following the trend line. waiting for it to give direction

wemadeit

shorting on break of the trendline. longing on hold

wemadeit

Looks like its been range trading for several years. Expecting a strong breakout soon

wemadeit

I'm guessing more downside. I currently have a corrective W4 in a extended w3 and should fall with even more downside after W3 completes. W4 invalidation occurs around $111.72 area and I'll have to reassess. .

wemadeit

I been reading about confluence zones. My approach here is to take a conservative long position at $16.21. There is a 'confluence zone' and a W4 invalidation zone at $16.05 to $16.02 which I will be using as my stop area just below that level. Almost a 4 to 1 ratio. May go short if it crosses through