in this chart I started by drawing two near parallel lines (green) that are headed down. Then I made the Inverted Head and Shoulders
. The chart didn't fit exactly but I didn't let that bother me. I then moved to the blue lines that make an upward right faced pennant
. Inside that pennant
(or maybe ascending wedge?) I added the light blue (or teal maybe?) squiggly diggly. Once the squiggly diggly hits the convergence point of the blue lines it will go either up or down from that point. It will either be a drastic change or moderate. We won't know until we see it. Also, if the fricky fracum index flips we may be forced into an anti-squiggle double bottom
triple top bubble pop. The only safe bet in that case is that the chart will continue to move to the right.
I forgot to mention that right off the bat I included the macd
and the rsi
strategy thingies. You can clearly see that they move around and do different things over time.