T Moves

17 gru 2020

Based on what I see from the Daily, 1 hr, and 15 mins. T looks like it will consalidate at the levels its on. It broke my daily, 4hr, 1hr wedge, BUT it did violate my 1 hour support (red line). On all timeframes, the RSI isn't over bought. My one big concern is the EMA 9 has crossed below the 20 EMA on the daily and 4 hr. So far they have respected the current support. On the 1 hr and 15 mins, the 9EMA has barely got below the 20ema. They respect the current charted support. Based on the multiple candles hitting this support, I Believe it won't go much lower and continue to go sideways until some big news (HBO max Wonder Woman 2 on Christmas Day). I have learned learned my lesson trading the news, and based on what I charted plus the state of the world and what HBO can Bring (ATT owns them) we could see a push forward to the 32-33 range by 1/15.