Usually the price just moves inside the megaphone till it breaks down, unless it's different this time..............
good TA did not miss that potential 'bull flag' BO, at least to reach up to that Megaphone Line...
looks like this time is different - based on comparing today's solid closed candle BO with 12/8/16's BD doji, in their price/line interactions. This fits well with the '2nd mouse' theory..
(wait! theory or just the stampede mode? my philosophy: 'anything goes' in challenging self is alright, you can only hurt yourself if somthin go wrong lol)
Facing major line like this, price has to struggle a little on at least few daily candles testing/re-testing, challenging that line's significance degree if any. So...
cut like a hot-knif thru butter, then it's exceptional ...
bullish? that will fit well with a FO too,
time/price/space make up lines, let them play with it a few more days... no one was in any hurry before I point this line out anyway, LOL!
well you tell me...
To answer my own question, it BOed! 2nd mouse, megafon did it again LOL! First time 'open and close' above blue line with new highs.
Higher highs/lows from 1/29/17 can now carve out new uptrend (likely rising wedge). This major blue line was tested, retested and BOed, needs retests later to signify BO more... see today's high stopped @1416.15 at my red box top given days ago? beats me, need to see more BO of this box. FO on daily still open.
Higher highs/lows from 1/29/17 can now carve out new uptrend (likely rising wedge).
Price playing orange rising wedge accordingly as this pattern's revealed right after 2/28 high was made.
Pattern is bearish in nature, additional pressure coming down from the blue line- the hamburger hill resistance.
Before actual BD/BO of the orange pattern, we trade between the two orange TLs. One more rebound from lower TL (~1361) biased per GS target's not met yet.
BD of the orange lower line opens up even lower dashed line (still in the last chart) target, which i posted on march 3 : only then we say 3/1 had an FO, or even an IT top...
BO hit my red box like hitting a giant red brick: do I see the 'significance degree' of the blue solid line as VeryHigh? yes. It's the Hamburger Hill.
The dashed line, good to be potential BD target.
Edited by iloli way, 07 March 2017 - 05:24 PM.