My last two posts were about the SPX and AMD and their falling channels, which are my favorite patterns to trade.
They follow an easy concept: They stay in their channels, untill they go sideways on an important support level, preferibly on a bullish rsi on the daily or weekly chart. I spotted one on the DPZ weekly chart, so I had to make a post about it.
I can see two likely scenario's for this stock, both of which, are going down. The only difference is where they decide to go sideways.
The first scenario is indicated by the green arrow. The support zone is at 175-300usd. The second one, which is indicated by the orange arrow, finds its support at 220-240.
They follow an easy concept: They stay in their channels, untill they go sideways on an important support level, preferibly on a bullish rsi on the daily or weekly chart. I spotted one on the DPZ weekly chart, so I had to make a post about it.
I can see two likely scenario's for this stock, both of which, are going down. The only difference is where they decide to go sideways.
The first scenario is indicated by the green arrow. The support zone is at 175-300usd. The second one, which is indicated by the orange arrow, finds its support at 220-240.