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$GNOG - Reverse SHS formation

Initially from the fist part, I thought it was a double bottom W formation and it worked till 16$ but couldn`t break the blue line that`s the resistance and went down again.
The good thing is it found the same resistance yesterday at 13.55 which is the bottom on the first wave.
Hence I firmly believe, as you can see from the black line I draw, we see a reverse shoulder head shoulder formation.
To confirm this, we need to see green till end of the weak and stay above 13.55.
Reverse SHS is the mark of trend reversal. With this formation if it occurs, I think we can say the bearsih move Gnog was in since December will change.
The only risk is S&P 500 and NASDAQ are coming down from their peak. This might limit the ascend of GNOG I expect but GNOG already had its correction so downward way is limited.
The good thing is it found the same resistance yesterday at 13.55 which is the bottom on the first wave.
Hence I firmly believe, as you can see from the black line I draw, we see a reverse shoulder head shoulder formation.
To confirm this, we need to see green till end of the weak and stay above 13.55.
Reverse SHS is the mark of trend reversal. With this formation if it occurs, I think we can say the bearsih move Gnog was in since December will change.
The only risk is S&P 500 and NASDAQ are coming down from their peak. This might limit the ascend of GNOG I expect but GNOG already had its correction so downward way is limited.
交易开始
as expected we bounced back from 13.55. Good let`s see the whether we can break that blue resistance. If not then we will see a tight squeeze towards earning time but from this point on I am bullish and long.交易开始
following the black line for a week. Moment of truth is the next 2 days whether we break or not免责声明
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免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。