Was waiting to see if the blue curve holds in this project in order to decide to post these simulated projections that take into account potential pivot points, reversals, or zones for support/resistance and BREAKOUTS... in either direction, even though I am slightly bullish biased on this one.
I have this scenario in mind where this could find support somewhere at the white or continuing on the blue or towards the red for a more decisive push in case the Earnings don't upset the whole harmony in this picture.
If everything goes to pieces will be having an eye for the possibility of the blue curve becoming resistance with a retest.
Other lower probability scenarios are some impact zones around the green and purple rectangles. If the prices reaches the top curves it would be only as a reference to see the price action around them for potential validation of the simulation.
I have this scenario in mind where this could find support somewhere at the white or continuing on the blue or towards the red for a more decisive push in case the Earnings don't upset the whole harmony in this picture.
If everything goes to pieces will be having an eye for the possibility of the blue curve becoming resistance with a retest.
Other lower probability scenarios are some impact zones around the green and purple rectangles. If the prices reaches the top curves it would be only as a reference to see the price action around them for potential validation of the simulation.
Comment:
A decent bounce from the blue curve and we might see some retracement potential/attempt. Will the blue hold again if it is retested? I don't know.
Comment:
Back at the blue and I am wondering if I should close my short. I prefer trailing stop mode on with the potential of a long in case the curves shows signs of holding with a green candle rebound from it.
Comment:
Here it is. Further confirmation for the resistance concept of the blue curve with 2 candlestick shadows at it, even if it turns out to be just temporary. I have no bias on this one yet and can't go long. I closed my short.
Comment:
Potential support at the white rectangle zone. Question would be if the blue gets a retest or ignored on the way up as earning report coming soon which means we might see a visit of the green rectangle in an optimist scenario.
Comment:
Retest of the blue
