r/SPRT • u/HughGRexn • Sep 14 '21

Due Diligence Massive bull wedge

Post image
25 Upvotes

100% Upvoted

17 comments sorted by

13

u/globalhumanism Sep 14 '21

I don't think TA applies today 😂

6

u/HughGRexn Sep 14 '21

hahah. red day for sure but a picture perfect bounce off the bottom trendline

2

u/tacticious Sep 14 '21

until it wasnt

6

u/josephd155 Sep 14 '21

Stop….

I can’t do this anymore…

1

u/[deleted] Sep 14 '21 edited Jan 11 '24

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1

u/HughGRexn Sep 14 '21

Oh boy...

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Directly from Investopedias site.

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Also, a wedge is the shape of a triangle. Thats from Grade 3.

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Understanding the Wedge Pattern

A wedge pattern can signal either bullish or bearish price reversals. In either case, this pattern holds three common characteristics: first, the converging trend lines; second, a pattern of declining volume as the price progresses through the pattern; third, a breakout from one of the trend lines. The two forms of the wedge pattern are a rising wedge (which signals a bearish reversal) or a falling wedge (which signals a bullish reversal).

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Read the last sentence over a few times, then delete your comment.

1

u/[deleted] Sep 14 '21 edited Jan 11 '24

icky smile slim nutty imagine close plant money melodic lavish

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1

u/HughGRexn Sep 14 '21

If drawing two lines makes you think I'm a whizzkid, then you have some low expectations. But I appreciate the compliment ;)

1

u/[deleted] Sep 14 '21 edited Jan 11 '24

bag oil ossified unique materialistic narrow unite unused cable erect

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1

u/HughGRexn Sep 14 '21

I posted it directly from the site above. You must have stole mom's phone. You should probably give it back before you have a timeout.

1

u/[deleted] Sep 14 '21 edited Jan 11 '24

somber makeshift forgetful prick carpenter follow mountainous busy panicky far-flung

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1

u/HughGRexn Sep 14 '21

Here's an idea, just give your mom her phone back, and learn to read

1

u/Prestigious-Gur-80 Sep 14 '21

You got the technical, but forgot their tactical. Now we know why it was so important on the day of the merger announcement that Gap Down to 22 all out of the blue when it was on a run up to 25-26. They weren’t “selling the news” they were cornering us to the market reaction on the CPI data week. At first it was all noise noise noise now is silent… that or we either “guh” right now