AI is at a critical juncture here.
Today and yesterday saw first a slip to the downside falling below support, with an immediate recovery today.
If price stays above support then it could be bottoming in this area, in which case the slip will prove to be a fake-out.
However, just take a moment to look and see the bearish candles outgun the bullish.
It is probable this is a Primary ABC continuation pattern.
A further downside slip will probably see price form another leg to the downside.
Not advice.
Today and yesterday saw first a slip to the downside falling below support, with an immediate recovery today.
If price stays above support then it could be bottoming in this area, in which case the slip will prove to be a fake-out.
However, just take a moment to look and see the bearish candles outgun the bullish.
It is probable this is a Primary ABC continuation pattern.
A further downside slip will probably see price form another leg to the downside.
Not advice.
Nota
A very bearish star and big gap down at earnings to re-test support triggers yet another automatic rally; taps liquidity and weakens the area. It won't be too long before support breaks down. Very unlikely this is accumulation. Break to the downside coming.Really funny comments on this page 😅
See you at $20.
Nota
AI pressing down on support. Also RSI settling in lower quadrant. Good chance a rip to the downside is coming up.Nota
Well AI is at the bottom. So who is buying the dip here? Hands up?? ✋😄I think I'll sit this one out.
Nota
Any questions?Nota
Well everyone likes to write their own reviews, but this call is going very well with price collapsing 30% this week. These long contracting continuation patterns are excellent at trapping longs - NNDM, TNXP XL and others all making similar patterns.
Nota
AI well on its way to my target set in August and it might go quite a bit lower but first things first.Another thread received marvelous support from the cocky dumb money crowd.
Nota
Nearly there you guys! 🐻
Your FA guru can't read a chart💭
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I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.