Panjang
41 Hour Candles to Break-Even or Dick Us Around Again.
This is a follow up chart from earlier last week. This time I will not be entering this position, only to make 2 predictions based on previous experiences. I noticed two, 41x 1 hour bars worths of price action before a break-even or better. One spike instance is anomaly. Two occurrences is a coincidence. The expected third could be a pattern.
Based on the chart, I plotted 2 outcomes.
1. Green: The end of day price action on the 04/21 due to expected earnings and analysts reports, results in a positive outcome over the 41 bars. It will test the $12.40 resistance and very likely break it and surge beyond before retracing, but ultimately end positive from T+1h bar.
2. Magenta: Despite positive fundamentals or catalysts, price action sells off or hedge funds sell off, as a result dicking the independent trader for another week in the slumps. This will likely drop off to the lower support levels and test $11.95 and dance at $12.05 +- 0.10c for the remainder of the 41 bars, before retracing back up the monthly trend line (in blue).
Overall, I would project a break even or +-.10c from the $12.37 close today.
Based on the chart, I plotted 2 outcomes.
1. Green: The end of day price action on the 04/21 due to expected earnings and analysts reports, results in a positive outcome over the 41 bars. It will test the $12.40 resistance and very likely break it and surge beyond before retracing, but ultimately end positive from T+1h bar.
2. Magenta: Despite positive fundamentals or catalysts, price action sells off or hedge funds sell off, as a result dicking the independent trader for another week in the slumps. This will likely drop off to the lower support levels and test $11.95 and dance at $12.05 +- 0.10c for the remainder of the 41 bars, before retracing back up the monthly trend line (in blue).
Overall, I would project a break even or +-.10c from the $12.37 close today.
Nota
So far it is favoring Magenta. Dickish.Nota
Tracking within target, but it appears to have trouble breaking $12.37 to .38. Magenta.Nota
6 more bars. 6 hours of trading on Friday, 04/29/16. If it does not break resistance, it can be safely established that this will trade beta neutral for the next week; $11.95 lower bounds support.
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.