as promised29 Apr 2022 19:07
TA as promised, for those following my ramblings and charts, no i am not crazy but am trying to give a little something back to the community ))
https://ibb.co/Tcmzt36
Anyway all those slating charts please take a look here, bare in mind i had drawn these wedges on the charts a while back as soon as they started to form, it is no coincidence why the share price is where it is today, its not random as some would have you think its following a trend, all shares mainly follow a trend except when news is around which disrupts it for a few days.
CWWX and Big Blue take your eyes off the bottom right ;-)
Firstly i should explain drawing the wedges, you must be consistant with drawing the lines, as you will see the blue wedge is drawn off the candle wicks, the orange off the candle body opening price. The more contacts on candles the strong the line, the lines are not exact but more 'areas of interest' 'zones' where to place buys and sells and to watch for break outs.
1. Look at the Orange rising wedge, this is the much stronger pattern of the two when the share reaches the pointed end it will 'break out' either north or south, this normally happens before the prices reaches the end of the pattern. Sorry Putins big head is covering a bearish red candle which opens at the exact point of the line . Remember this number 364 ;-)
2. Look back through any chart and see what happens when 20MA mean average line (green line) crosses a 50MA mean average line (yellow line), if you dont belive me look on any chart and this will happen within days.
3. Now look at the blue wedge, look how tight the candles have stayed in that range, its not a coincidence its human behaviour mapping out on a chart. This blue triangle could cause a break out in the next trading session depending how valid and weighted that blue trend is. if it breaks hopefully a bounce up, as some one has said on here there was over a millions pounds worth of buys at 4.35pm tonight in auction after close ))
above are 3 good reasons why i think this share is going north, even putin is getting ready to party on the 9th, i think we will be north by then. My feeling is a rise next session or two which will straighten up the green 20MA line, this will cause the price action to move before the Orange wedge end.
Dont forget i did not draw these triangles today i done these week or so ago as the pattern started to form, the share is following the trend\pattern.
You know i have to put a disclaimer on this so dont shoot me down, do your own research and make your own minds up, in it for the long hall regardless. Have a good weekend and chiiiiiiillllll
ATB ND