You know what I hate? Bullish patterns in a bearish market and vice versa.. reason why ?
They usually lead to fake out because of the low volume. You ever tried to short a double top in a bullish market ? Painful 😆
Here we are with a wedge breakout after Google has closed its most recent gap at 88.50
Google has 2 gaps that need to be close
One at 91
And the other at 94
Go to your daily chart.. The money flow is now oversold, also if you throw a trendline on the Daily rsi ymstarting from Sept RSI low, you'll see we're on support.. I think the time for shorting Google is over
They usually lead to fake out because of the low volume. You ever tried to short a double top in a bullish market ? Painful 😆
Here we are with a wedge breakout after Google has closed its most recent gap at 88.50
Google has 2 gaps that need to be close
One at 91
And the other at 94
Go to your daily chart.. The money flow is now oversold, also if you throw a trendline on the Daily rsi ymstarting from Sept RSI low, you'll see we're on support.. I think the time for shorting Google is over
Nota
Pullback to retest breakout or 97 area then we push up to 110.. Setup is invalidated if we fall back inside breakout area
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Pubblicazioni correlate
Declinazione di responsabilitÃ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.