Alphabet Linear Ladder

已更新

Simple project with potential support and resistance levels projected in time, with the main scenario considering the destination of the blue rectangle in case of some good earnings report after a bearish correction, while the second scenario being about a slow linear climb on the gray ladder levels even before earnings.

The trading idea is only meant to be considered if relevant events and price action (like candlestick patterns or signals) occur coincidently at the marked levels or shapes.

Also in case of a sudden shift in sentiment, the reverse can be regarded as a valid scenario, meaning a bearish mood for the stock, if a retest happens at any of the elements in the project.

註釋

Almost touched the 165 level with a strong rebound. Past the second level. Could be heading for 183 3rd level one way or another.

註釋

Pullback at the second gray marked price level on the ladder for the top. Not sure this will have the required bearish drive to retest the first level. This should eventually reach the final step of the Ladder one way or another.

註釋

Level 3 reached and bypassed a little. Next trading activity should be watched carefully for potential signs that it might just consolidate a bit or prepare for a correction.

註釋

Nice rebound from the gray level 3. Next up is earnings report that might indicate where this can go, although I like the prospect of a landing in the blue rectangle zone eventually.