I’m currently driving but the idea struck me the pattern and the chart formation, Citigroup is currently focused on one thing and that’s it pattern for this coming week “C” is focused on one thing and that’s it’s current pattern…
I know you see just an arrow pointing down cans now technical level fundamental pattern, I’m going based on the strength of the last drop and how it acts as a conformation candle currently trying to form an “inverted head and shoulders pattern” you can see by the length and duration of this chart while it was at its peak if it’s current pattern about 3 trading days ago… Notice also on the day 08/19/2021 (Today) that it’s open gap did not close has continued to drop, Matter of fact an older gap that occurred 2 weeks ago has closed and if we follow the pattern on how many gaps have been left “open” in the last 2 weeks 2 other gaps have not closed… If you study gaps you know about 75% - 80% of gaps do close so I see these gaps as retroactive meaning the more gaps left unclosed the higher the chance of just ONE gap being closed.
That’s not all what’s based on this pattern it’s not just technical analysis and fundamental trading with balance sheets that predicts stock movement but sometimes the actual “energy” and consistency of healthy buying and selling which runs the gears… Think of a refrigerator that has a consistent source of electricity your food will remain cold that’s what this chart is showing us this week the consistency of all the buying and selling no drama to make this stock act on impulse as well as no news remaining low key while doing its “job” as I stated this chart formation is a result of trading consistency no games or turn of events this chart will follow its pattern following a hard drop it will drop again not as hard but about half the previous candle like a train following a path it dosnt stop instantly but need to hit the breaks blow the whistle and let the sparks fly from the friction of the breaks to the track…
Target price is $69.00 of $68.50 these are the areas we will start to see resistance and this is
The price range in which I well sell, From a contract trading at .50-.60 cents “C” Citigroup has low volatility that works for it in this trade making the contracts cheap and a full dollar drop will easily gain you a 50% to a 75% gain… Happy trading my fellow warrior!!!
I know you see just an arrow pointing down cans now technical level fundamental pattern, I’m going based on the strength of the last drop and how it acts as a conformation candle currently trying to form an “inverted head and shoulders pattern” you can see by the length and duration of this chart while it was at its peak if it’s current pattern about 3 trading days ago… Notice also on the day 08/19/2021 (Today) that it’s open gap did not close has continued to drop, Matter of fact an older gap that occurred 2 weeks ago has closed and if we follow the pattern on how many gaps have been left “open” in the last 2 weeks 2 other gaps have not closed… If you study gaps you know about 75% - 80% of gaps do close so I see these gaps as retroactive meaning the more gaps left unclosed the higher the chance of just ONE gap being closed.
That’s not all what’s based on this pattern it’s not just technical analysis and fundamental trading with balance sheets that predicts stock movement but sometimes the actual “energy” and consistency of healthy buying and selling which runs the gears… Think of a refrigerator that has a consistent source of electricity your food will remain cold that’s what this chart is showing us this week the consistency of all the buying and selling no drama to make this stock act on impulse as well as no news remaining low key while doing its “job” as I stated this chart formation is a result of trading consistency no games or turn of events this chart will follow its pattern following a hard drop it will drop again not as hard but about half the previous candle like a train following a path it dosnt stop instantly but need to hit the breaks blow the whistle and let the sparks fly from the friction of the breaks to the track…
Target price is $69.00 of $68.50 these are the areas we will start to see resistance and this is
The price range in which I well sell, From a contract trading at .50-.60 cents “C” Citigroup has low volatility that works for it in this trade making the contracts cheap and a full dollar drop will easily gain you a 50% to a 75% gain… Happy trading my fellow warrior!!!
