A little project for a short bias on the AMAT with 3 potential scenarios in mind. A fall from the first pink rectangle, or from inside it if the top edge becomes resistance. Second scenario is resistance met at the white curve. 3rd scenario is similar but at the purple curve.
These should only be considered if the earnings don't push this with a stellar gap higher. If the earnings report is decent, but no buying enthusiasm and/or appetite transpires from the price action, any signs of shorting opportunities and/or setups should be carefully considered and analyzed with the preferred lens, approach, method or other sources.
As usual, all elements are envisioned potential support/resistance zones/forces.
These should only be considered if the earnings don't push this with a stellar gap higher. If the earnings report is decent, but no buying enthusiasm and/or appetite transpires from the price action, any signs of shorting opportunities and/or setups should be carefully considered and analyzed with the preferred lens, approach, method or other sources.
As usual, all elements are envisioned potential support/resistance zones/forces.
Commentaire:
First sign of a bearish mood at the white curve. To be considered.
Commentaire:
If the price doesn't rebound again from the curve in this position all bets are off. It could just go over it and ignore it.
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