magi3322- it's one of two patterns. A coil or this
other triangle pattern where price is nearing the lower trendline
now to look for support. Also regarding the coil it's not an idea
coil to me but still a pattern to consider. That's an area to watch
for a bounce, but on the other hand if it is broken strongly then
price could work much lower.
last weekend I showed a bear flag on the 60 min time frame and
that played out
no problem. Again you can't say with certainty that it will
explode higher like arun, it may or it may not. Trading is not
about certainties and crystal balls, it's identifying trade
opportunities where you can position into something where your
risk/reward is very good. Regardless of which pattern wins
out here, price is nearing the lower trendline of both patterns and
if one sees a trigger to go long on their charts, could have a very
tight stop there just below the lower trendlines. If price rallies
hard from here you are position well to ride that i.e. your reward
is high, and instead if price breaks the lower trendlines and you
are stopped out, your stop is tight and you risk very little. Hence
a good risk/reward ratio or area to look for a long
I observed the trendlines as well as over all action during the
last 3 months. It hardly sold off compared to rest of the market.
Btw - Did anyone buy BA... I mentioned it few days ago. I
entered it after the sell off post earnings when it hit the lower
trend line
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Watch for TSLA to explode
Posted by arun on 15th of Nov 2020 at 08:32 pm
Watch for TSLA to explode tomorrow
Is there a reason for
Posted by maggi3322 on 16th of Nov 2020 at 12:05 am
Is there a reason for this explosion arun?
The chart is coiling.
Posted by mrjasongill on 16th of Nov 2020 at 09:14 am
The chart is coiling. https://www.tradingview.com/x/nuSa3Nfn/
magi3322- it's one of two
Posted by matt on 16th of Nov 2020 at 09:40 am
magi3322- it's one of two patterns. A coil or this other triangle pattern where price is nearing the lower trendline now to look for support. Also regarding the coil it's not an idea coil to me but still a pattern to consider. That's an area to watch for a bounce, but on the other hand if it is broken strongly then price could work much lower.
last weekend I showed a bear flag on the 60 min time frame and that played out
Thanks Matt
Posted by maggi3322 on 16th of Nov 2020 at 10:07 am
Thanks Matt
no problem. Again you can't
Posted by matt on 16th of Nov 2020 at 10:24 am
no problem. Again you can't say with certainty that it will explode higher like arun, it may or it may not. Trading is not about certainties and crystal balls, it's identifying trade opportunities where you can position into something where your risk/reward is very good. Regardless of which pattern wins out here, price is nearing the lower trendline of both patterns and if one sees a trigger to go long on their charts, could have a very tight stop there just below the lower trendlines. If price rallies hard from here you are position well to ride that i.e. your reward is high, and instead if price breaks the lower trendlines and you are stopped out, your stop is tight and you risk very little. Hence a good risk/reward ratio or area to look for a long
I observed the trendlines as
Posted by arun on 16th of Nov 2020 at 10:52 am
I observed the trendlines as well as over all action during the last 3 months. It hardly sold off compared to rest of the market.
Btw - Did anyone buy BA... I mentioned it few days ago. I entered it after the sell off post earnings when it hit the lower trend line