You know what I hate? Bullish patterns in a bearish market and vice versa.. reason why ?
They usually lead to fake out because of the low volume. You ever tried to short a double top in a bullish market ? Painful 😆
Here we are with a wedge breakout after Google has closed its most recent gap at 88.50
Google has 2 gaps that need to be close
One at 91
And the other at 94
Go to your daily chart.. The money flow is now oversold, also if you throw a trendline on the Daily rsi ymstarting from Sept RSI low, you'll see we're on support.. I think the time for shorting Google is over
They usually lead to fake out because of the low volume. You ever tried to short a double top in a bullish market ? Painful 😆
Here we are with a wedge breakout after Google has closed its most recent gap at 88.50
Google has 2 gaps that need to be close
One at 91
And the other at 94
Go to your daily chart.. The money flow is now oversold, also if you throw a trendline on the Daily rsi ymstarting from Sept RSI low, you'll see we're on support.. I think the time for shorting Google is over
Note
Pullback to retest breakout or 97 area then we push up to 110.. Setup is invalidated if we fall back inside breakout area
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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.
Related publications
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.