Symmetrical Triangle that is beginning to look like a flag..a long flag...
The prior A triangle has held as support with the exception of a few candle tails..so that is a strong level of S as tails tell a tale..
The big move up aseveral weeks ago has cost WDAY dearly as far as ranging for quite a while inside a triangle..it does look like it is trying hard to break out..but until it does..dunno..a security can't go up that fast as a rule without paying the price later on..
I can only profit from what I can anticipate..but I can not change what will happen
Not a recommendation
The prior A triangle has held as support with the exception of a few candle tails..so that is a strong level of S as tails tell a tale..
The big move up aseveral weeks ago has cost WDAY dearly as far as ranging for quite a while inside a triangle..it does look like it is trying hard to break out..but until it does..dunno..a security can't go up that fast as a rule without paying the price later on..
I can only profit from what I can anticipate..but I can not change what will happen
Not a recommendation
Note
For a quick glance at a stock, try looking at the ichimoku cloud. There is a chart for it on TOS. You can learn enough about it to get a good idea of what it is about by searching it online. Basically if price is over a thick green cloud, and the cloud is pointing up, the stock is in good shape...there are other factors folks trade by...but the cloud is great for a quick overall picture of the securityNote
Flagpole needs to be long enough to support the flag..i think..lolNote
This is also trading in a possible Gartley pattern...I do not see it going down as low as the gartley would take it to find D...just watching for now
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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.
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.