With that viewpoint, what do you find as measured moves per the method in the link, e.g. for a 100% measured move. Did the 'Dbl Top' pay off? Where does the 'Dbl Bottom' project a 100% move to pricewise?
I don’t know. That’s why I’m asking. Not because I’m trying to decide whether to buy or not, I already own it. Just interesting to me that it looked like a double top to me a couple months ago, now it looks like a double bottom.
What is the possibility that there exist more than one DBL on that chart? If you were to provide a marked up chart, it would be easier to be specific with the questions and ... If the chart cant project 100% moves, then MS Paint can draw onto a screenshot and get the idea across.
Q4 earnings incoming, plus forward guidance. That is all that will matter moving forward for the next month or two. Well, until the Fed slams the ban hammer with the interest rate hike in May.
Maybe it does is my point. Per the rules in that DBL Top article link... 1) Did the 'Dbl Top' pay off or stop out or is it still in play? 2) Where does the 'Dbl Bottom' project a 100% move to pricewise? Here's an example of loading a screenshot into MS Paint freebie program and marking up a HnS/ Dbl Top on somebody elses chart. https://www.elitetrader.com/et/threads/charts-for-no-reason.344272/page-12#post-5433616
Explains why the PA is consolidating. Everybody is waiting to see how Amazon did and how it's going to do with the economy opening up and then decide what to do with the stock.