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3 Directions to Consider

The previous Ascending Triangle Pattern was bang on target.
#2 Bullish Pattern: Ascending Triangle


The triangles base support is now the Resistance.

The price has no Trend.

Zoom Out to find bigger patterns or trends.
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Short squeezed, a lot of stocks opened on an island.

After rejecting 200 MA tech is sitting perched with only a gap down or up.

Inflation and rising Energy costs are pinching pockets.

Credit rates are eating into bottom lines.

Sitting Right up top for an Island Reversal with SPX.
Island Reversal Pattern


Seems like it would be a good place to buy a straddle.
How to Straddle an Ascending Triangle


NVDA is down 4.6% after earnings.
Bitcoin  Down.. NVDA Down


After closing, AMZN announced tonight it will be shutting down Amazon Care.

I’m going to lean bearish for direction.

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