first shot at fully annotating a chart. probably tried to fit too much in too small a space but whatever.
1. looks like that first yellow zone gets tested ~38.2 bear flag fib. 3rd time looks like it will be the charm if i had to guess with price breaking above
2. next up is "The Breakout" level
3. Final is the diagonal, then...moon?
Probably a breakdown and shakeout and reaccumulation but you never know if this train keeps running.
Will be interesting to see if we run hard here (maybe more chance of a breakdown / shakeout at the diagonal) or take its time stepping up those bear flag fibs which gives bulls more time to stock up on inventory and may increase the chance of breaking through the diagonal on its first major attempt. i'm leaning towards a shakeout first.
1. looks like that first yellow zone gets tested ~38.2 bear flag fib. 3rd time looks like it will be the charm if i had to guess with price breaking above
2. next up is "The Breakout" level
3. Final is the diagonal, then...moon?
Probably a breakdown and shakeout and reaccumulation but you never know if this train keeps running.
Will be interesting to see if we run hard here (maybe more chance of a breakdown / shakeout at the diagonal) or take its time stepping up those bear flag fibs which gives bulls more time to stock up on inventory and may increase the chance of breaking through the diagonal on its first major attempt. i'm leaning towards a shakeout first.
Comment:
been pretty on point so far
