W formation noted.
Price halted at the .886.
Valley 2 is lower than Valley 1.
Appears to be a bearish shark.
It is as if computer algos are firing off on harmonic patterns but often going a bit below or above the normal PCZ for the pattern. Perhaps in order to validate, or maybe to take out stops? I do not know. I am still trying to figure it out.
Volume is not matching candles ie price in many instances. I am not speaking of this particular stock as on the way up, there appears to be volume to match the recent moves.
Volume can not be manipulated. When volume and price diverge, I am hesitant to make a move.
This one hit pretty much right on the .886 before turning down.
No recommendation.
Ms and Ws is pretty much the patterns lately and in many cases, they alternate. A bullish M, then a Bearish W or vice versa. Makes it tough to keep up )o:
Price halted at the .886.
Valley 2 is lower than Valley 1.
Appears to be a bearish shark.
It is as if computer algos are firing off on harmonic patterns but often going a bit below or above the normal PCZ for the pattern. Perhaps in order to validate, or maybe to take out stops? I do not know. I am still trying to figure it out.
Volume is not matching candles ie price in many instances. I am not speaking of this particular stock as on the way up, there appears to be volume to match the recent moves.
Volume can not be manipulated. When volume and price diverge, I am hesitant to make a move.
This one hit pretty much right on the .886 before turning down.
No recommendation.
Ms and Ws is pretty much the patterns lately and in many cases, they alternate. A bullish M, then a Bearish W or vice versa. Makes it tough to keep up )o:
Note
I am starting to wonder if the new 1.414 PCZ was invented to screw folks looking for the 1.272 or the 1.618/be safe.Note
This will fall., Just maybe not yetI will be crying all the way down)o:
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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.