picea13

picea13 Updated 

I did notice that there is a head and shoulders pattern that is forming and there was a similar pattern that formed during the same time back in 2019. However; there several differences when compared to current set-up. First the price action is above the 100 EMA and more important above the 365 EMA, which is bullish compared to the set-up of 2019. The Phoenix...

picea13 Updated 

STRAIGHT FORAWRD BREAK OF THE 17 (YELLOW DOTS) EMA AND TEST, WHICH IS CONFIRMED BY THE 2 (TEAL LINE)-6 (PINK LINE) EMA BUMP AND RUN AND THE HEIKIN ASHI PRICE ACTION IS BULLISH. IN ADDITION, THE PHOENIX INDICATOR BY DAVID WARD (TRADINGVIEW HANDLE IS WYCKOFFMODE) IS ALSO INDICATING BULLISH PRESSURE. MY TARGET FOR THIS SWING TRADE IS $8.03ISH, WHICH IS BASED ON...

picea13

It appears the Inverted H & S is coming to completion with confirmation on the break, with a test of the green dash trend line. Only time will tell, but goo risk to reward as identified by the measured move, which also confluent with fib levels and Bollinger bands (broken down based on standard deviation) not provide due to clutter. Will take a small long...

picea13

Tis is not in Log Scale the other one was and this provides a more realistic , possible outcome. The other scenario is it drops out of the channel.

picea13 Updated 

Possible outcome for Hive. Should know by next week if Hive will continue to the top of the channel. Possible chance that is what will playout and it will happen before the summer.