SYMMETRICAL TRIANGLE
Earnings beat yesterday yet FANG went diving today.
Very long tail on today's candle but it found support in a recent gap.
Loose symmetrical triangle noted.
Support line blue versus green due the piercing on the line today.
Price is within the structure again at close.
No recommendation.
Diving Dojis can spell trouble, but not always.
Probable Bearish RSI diversion denoted with orange dashed line.
Price fell from a bearish rising wedge a few weeks ago.
If you look at a chart 2 or 3 times and see nothing you recognize, it is often best to move on to another chart (o:
Very long tail on today's candle but it found support in a recent gap.
Loose symmetrical triangle noted.
Support line blue versus green due the piercing on the line today.
Price is within the structure again at close.
No recommendation.
Diving Dojis can spell trouble, but not always.
Probable Bearish RSI diversion denoted with orange dashed line.
Price fell from a bearish rising wedge a few weeks ago.
If you look at a chart 2 or 3 times and see nothing you recognize, it is often best to move on to another chart (o:
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