crazy macro VRSN idea
Could this be a continuation / triangle pattern?
I drew this chart in regular view, as opposed to log, and I can see what might be a triangle pattern forming, based off of the "dot com" boom of the early two thousands, and where VRSN seems to be sitting at resistance.
Should price action keep testing that level around 218, I could see prices break out, retest at that level, then continue on its merry way.
Again, this is a crazy idea. Always do your own research.
-W00f
Humm, just before hitting submit, I could see this also play out as a bearish H&S shoulder pattern. We'll just have to wait and see what happens.
I drew this chart in regular view, as opposed to log, and I can see what might be a triangle pattern forming, based off of the "dot com" boom of the early two thousands, and where VRSN seems to be sitting at resistance.
Should price action keep testing that level around 218, I could see prices break out, retest at that level, then continue on its merry way.
Again, this is a crazy idea. Always do your own research.
-W00f
Humm, just before hitting submit, I could see this also play out as a bearish H&S shoulder pattern. We'll just have to wait and see what happens.
Commentaire:
Checkpoint: Price is at lower trend/support. Keep an eye on price action around this level.