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akgo01

4,419 Posts.

612

06/04/22

13:04

Post #: 60686407
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Originally posted by Darkstone: ↑

Here is an interesting possibility : Closing price around 1345-1348

It seems to be making W formations. The last seems to be adding a handle which increases the target by double the height of the back stroke - so 1317, but if it hits that the macro (daily) w will complete which gives a target of twice the inner stroke, and thus 1342+. It all depends on what happens with the little one on the right. The retrace had to stay over the peak of the central stoke (which it did) so this could be an interesting formation to deal with. Not what I was expecting to see, but it has reached almost the daily minimum for today and has not gone near the projected maximum, so maybe it will do that yet ( my range was 1257 to 1359). Anyway, I am trading it.

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"Anyway, I am trading it."

Good luck, Darkstone.

It is still too scary for me to trade at the current price action. So I am just watching.

AKE Price at posting: $13.11 Sentiment: None Disclosure: Held
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