Hello!
I love finding charts with a giant flag pole... because it gives a fresh chart pattern that is easier to visualize... the harmonic patterns are nice and crispy... not mushed out by so many cycles of arguments.
So... here is how I see Spirit... or Sprite... not sure what fund this is. LOL... doesn’t really matter... I’m just excited about the large amplitudes and more predictable oscillations :)
In the after hours session, it is approaching a pretty good confluence of support and resistance levels... So... a break out from this, could drop a level, making this a likely top, with a. Fall back down to about 50% or 68% of the flag pole, before a midway argument.
Or, we can break out on the to side for another flagpole up... wouldn’t that be cool!
Watch out for a false break out too... that would look like the previous pink arcing channel... it would break out of the traditional pennant pattern (white lines) only to be rejected by its own bullish resistance. Have you ever considered that there are separate support and resistance vectors for both the bulls and the bears? If you like that idea, follow me, and I’ll show you what i see when i meditate on these charts until they pop into 3D :)
Good Luck!
I love finding charts with a giant flag pole... because it gives a fresh chart pattern that is easier to visualize... the harmonic patterns are nice and crispy... not mushed out by so many cycles of arguments.
So... here is how I see Spirit... or Sprite... not sure what fund this is. LOL... doesn’t really matter... I’m just excited about the large amplitudes and more predictable oscillations :)
In the after hours session, it is approaching a pretty good confluence of support and resistance levels... So... a break out from this, could drop a level, making this a likely top, with a. Fall back down to about 50% or 68% of the flag pole, before a midway argument.
Or, we can break out on the to side for another flagpole up... wouldn’t that be cool!
Watch out for a false break out too... that would look like the previous pink arcing channel... it would break out of the traditional pennant pattern (white lines) only to be rejected by its own bullish resistance. Have you ever considered that there are separate support and resistance vectors for both the bulls and the bears? If you like that idea, follow me, and I’ll show you what i see when i meditate on these charts until they pop into 3D :)
Good Luck!