The recent drawback on VZ sets it up for a potential head and shoulders and a trend reversal. I will be watching for pattern completion before entering a position :)
Hey guys! I'm new to TA and thought I'd take a crack at Bitcoin - my apologies if I'm using some jargon wrong! >.< Pay close attention in the coming days as we test the 6 mo trendline: - If it fails, we could be headed towards the yearly trendline at $40k - If it tests on the upside and holds, we could be looking at $70k again I also noticed a larger triangle...
Taking a larger look at TSLA's chart, I noticed there may be a massive Cup and Handle pattern emerging. If this pattern plays out, we could see up to a 60% decline in TSLA in the coming months as the height of the cup is about 30%. I'm not sure how likely a 60% decline is, due to the recent high volume and bullish fundamentals, but only time will tell. TARGET...
A strong inverse Cup and Handle setup has formed on TSLA over the past two days so it's looking like TSLA might be in for a larger short-term retracement before reaching new ATHs. POTENTIAL SHORT SETUP If the $1135 support line is broken, we could see a retracement of up to 6.5% - calculated from measuring the height of the cup. Stop loss placed at the...