This chart could be either or...

KGTrader4 · Mar 30, 2022

easymon1 said:
Would you say they both fit the criteria listed in this link?
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-18#post-5309309

I think it fits both

easymon1 · Mar 30, 2022

KGTrader4 said:
I think it fits both

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?

KGTrader4 · Mar 30, 2022

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.

maxinger · Mar 30, 2022

KGTrader4 said:
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.

it might morph into

triple top or bottom,
quad top orbottom,
penta top or bottom ....

easymon1 · Mar 30, 2022

KGTrader4 said:
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.

KGTrader4 · Mar 30, 2022

I think 100%.
What’s your point?

Overnight · Mar 30, 2022

TheDawn said:
I would say it's going into consolidation. Even though right now it looks like it's a double-bottom right now with the potential of the price bouncing off to go higher, it's also facing some potential resistance posed by the double-top to the left of the double-bottom, thus the price will go into consolidation. imo.

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.

easymon1 · Mar 30, 2022

easymon1 said:
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.

KGTrader4 said:
I think 100%.
What’s your point?

KGTrader4 said:
I think it fits both

Maybe it does is my point.

easymon1 said:
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?

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

TheDawn · Mar 30, 2022

Overnight said:
Q4 earnings incoming, plus forward guidance. That is all that will matter moving forward for the next month or two.

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.

Overnight · Mar 30, 2022

TheDawn said:
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.

Re-read my post. I edited it to add something important.