Current state:
* Downtrend since January in a descending triangle
* Reversal at 540+
Scenario 1:
1. Local ascending triangle to push the price action back up to the trendline within the week
2. Price hovers along the downward trendline
3. Earnings hype triggers short term parabolic movement up
Scenario 2:
1. Local ascending triangle to push the price action back up to the trendline within the week
2. Price hovers along the downward trendline
3. Earnings results triggers parabolic movement down
Scenario 3:
1. Price does not move above $635, local ascending triangle is fake
2. Consolidation until apex of descending triangle
3. Earnings is only a catalyst. Result did not matter. Price crash.
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Note to self:
Watch end of June - Early July for price movement update
* Downtrend since January in a descending triangle
* Reversal at 540+
Scenario 1:
1. Local ascending triangle to push the price action back up to the trendline within the week
2. Price hovers along the downward trendline
3. Earnings hype triggers short term parabolic movement up
Scenario 2:
1. Local ascending triangle to push the price action back up to the trendline within the week
2. Price hovers along the downward trendline
3. Earnings results triggers parabolic movement down
Scenario 3:
1. Price does not move above $635, local ascending triangle is fake
2. Consolidation until apex of descending triangle
3. Earnings is only a catalyst. Result did not matter. Price crash.
\\\
Note to self:
Watch end of June - Early July for price movement update
Bình luận:
Looks like Scenario 1 is in play
"Earnings results triggers parabolic movement up or down - this assumes earnings does affect the price movement"