Long
TLMD - CHANNEL BOTTOM + FALLING WEDGE = BOOM GOES THE DYNAMITE
All,
This is a crazy crazy setup. WW here for sure. Needs to hold this bottom. Easily worth taking a long here stop loss or not. Id probably not take a stop loss because sooooo many times it dips below all time low and support bottom falls 5-10% then moons. Happens literally all the time.
I know not a high volume stock, but if this is right you can long hold for at least 20-40% gain if not more.
MUST hold support and/or small dip under otherwise invalidated. HOWEVER following the falling wedge fails as well dips down and STILL in the falling wedge is fine just follow the # of attempts hitting falling wedge wall afte 3 rejections should be end of that. So either way this setup will blow up soon or easy to follow after.
This is a crazy crazy setup. WW here for sure. Needs to hold this bottom. Easily worth taking a long here stop loss or not. Id probably not take a stop loss because sooooo many times it dips below all time low and support bottom falls 5-10% then moons. Happens literally all the time.
I know not a high volume stock, but if this is right you can long hold for at least 20-40% gain if not more.
MUST hold support and/or small dip under otherwise invalidated. HOWEVER following the falling wedge fails as well dips down and STILL in the falling wedge is fine just follow the # of attempts hitting falling wedge wall afte 3 rejections should be end of that. So either way this setup will blow up soon or easy to follow after.
Note
crazy change in price but would have been a ripper if you bought and sold correctrly
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.