We have a breakout on the weeklies, and a target at the top of the funnel. The funnel being the consolidation post-capitulation. We're looking at a recovery, and $.25 is the "neckline", or the "pivot". %.25 is just the beginning, and above that looms the log overhead at $2, which is giving the bears shivers right now.
OBV looks like a breakout coming - an OBV pattern that encompasses the whole "recovery" Adam and Eve, with Eve being inverse head and shoulder. I see this pattern a lot. AISP has the same shape. Many do, so when you begin to see it, trades present themselves. No research needed. All fundamental analysis goes into the trash bin.
OBV looks like a breakout coming - an OBV pattern that encompasses the whole "recovery" Adam and Eve, with Eve being inverse head and shoulder. I see this pattern a lot. AISP has the same shape. Many do, so when you begin to see it, trades present themselves. No research needed. All fundamental analysis goes into the trash bin.
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