ELY Double Bottom

4 Ağu 2021

Am I doing this right?

I see a double bottom form where the pink box is. The neckline to the double bottom gets tested a few times. Cloned the left diagonal trendline and moved over to the right.

Support at $32.25-$33.

Downtrend started on 6/1
Uptrend started on 7/19
Earnings call on 8/6

Timing seems right for a long entry.

Should I go into more detail in future TA posts? (Should I make future TA posts?

This is my first technical analysis so if I'm way off let's talk!

4 Ağu 2021

Not

The double bottom I'm thinking is a reversal. You can see it much better on the 30m timeframe. I think ELY will hit $43