i’m just confused about the shadows you talk about on the article. is it the bollinger shadows or what?

Good point. I tend to over-focus on the 5-min when trading and to set-up a bear flag on a higher timeframe, it will trigger buy signals on the lower timeframes.

It’s a good reminder to keep multiple timeframes open to assess the structure and see what other traders are viewing/thinking/trading there.

It’s generally a good sign when volume swings up with price going into a weekend. It’s either a sign people are comfortable to hold long over the weekend or that shorts are scared to hold long over the weekend. I take it swing by swing and focus mostly intraday but looking at the daily picture, I honestly don’t see how we’re not going to test the November lows. Look at both the daily and weekly chart just on a price basis. Both appear to be in a downswing headed there. No support beneath. Only resistance above (prior swing highs, EMAs, Fibonacci).

I’ll have to analyze it more deeply but at first glance at FSLR, looks like a decent bear flag into resistance on the weekly chart. On the daily, we have an inconclusive picture as the 20 and 50 EMAs have flattened out and price is smack in the flat range. Want to see it move one way or the other. We may have completed a 5-wave Elliott impulse (of some sort) to the upside which finished at the $160 level. May be part of a larger move but usually after 5 waves, you get a corrective phase.

That’s just quick analysis without going into much detail so take it for what it’s worth.

Matt