Looks like a nice flag (more of a pennant) pattern on $DOCU. I'm looking for this to breakout to the upside. Also notice the declining volume so higher volume up or down is going to drive this one. I'm bullish but it can go either way... patience will pay-off here, no need to rush... Ideas, not investing advice.
Note
10/18 This is still worth watching. Notice that while it's trading down, volume is very low. Will need to confirm a direction here but I'm still bullish... patience...Note
10/21 - look at the wick on 10/18 almost a perfect bounce off the .786 fib line. I haven't taken the trade yet but that's very bullish to me. Patience, time will tell.Note
11/13 - Still watching this one... I'm looking for it to eventually resolve up from this consolidation area... I'll likely add a position with a solid close over $70.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.