$ACN Probabilities

18 Apr

The project is design to highlight potential support/resistance zones with the rectangles, but also a design of lower/higher probability of reach. The path of the white dots is projected to have a higher probability while the big blue polygon lower probability of penetration.

Marked level could be highly significant in the upcoming developments in this stock, while near the marked time stamps we could see some shifts in sentiment and mood. Shift in volatility and/or mood near the Earnings report and the vertical rectangle.

The squarish looking rectangles are more like milestones for potential developments if we reach those zones in the future. Any support/resistance level can provide reversals but also breakouts in some cases.

Currently at the longer purple rectangle with signs of support, but I wouldn't go long right now. Because of big blue lurking potential "no go" zone, I am little bit biased towards the more bearish toned scenario with a more sliding style of price action rather than power impulse runs, but time will tell.

7 Mei

Catatan

The price never got to touch the red level after the break of the purple, and this setup right here might seem like a paradox in the following description but it also could be way more simple: This recovery on the upside reaching the purple plank again might not be a retest. At the same time, it might not hold and push resistance on the price. In other words, this could catch the bears fever again, but not for decisive lower lows. Time will tell. Let's see if this zone holds for now.

9 Mei

Catatan

Rebound from the plank. As mentioned in the previous update, I am not convinced it will go for the red marked level from this position. Could consolidate a bit.

15 Mei

Catatan

As mentioned in the previous comment, it did not go for the red level and there was a bullish day today for a change. This resistance level can be penetrated with or without a retest on the up, going for the blue marked (with white dot) level.

23 Mei

Catatan

I shouldn't do this, because as it stands it seems like the plank level has become resistance which should trigger a cautious approach and an openness for a further weakness and decrease in this stock, but I will say that somehow I can still this one reaching the blue marked price level. I might be wrong.

4 Jun

Catatan

Bounce from the purple. We could see a shift in sentiment from this position.

8 Jun

Catatan

Some shyness for this stock when approaching the red marked level, which is not a good sign for the bulls. Earnings report approaching and don't exactly know if this can create a lower low in fear or expectations of potential numbers that are about to drop. At the same time, looking even farther into the potential future, I am not quite comfortable picking the scenario where the price might meet the red zone from below it. Getting back to the current position in time, next days could be tricky for this stock.

24 Jun

Catatan

Pit stop at the rectangle zone after the earnings report. Purple zone almost over and we might see a hit on the white dot.

3 Jul

Catatan

Reacher the vertical green. Looking for a potential pivot / inflection point.

11 Jul

Catatan

Big question for ACN looking at the developments at the marked red line price level. Is this just a retest? Will it keep going higher? Looks solid enough for an inflection/pivot but I also want to point out the big blue zone lurking above which could end up being a "no go" zone if the estimations are close to being relevant. I like the scenario where this bullish mood evaporates eventually leading the price towards an incursion for the red zone.

19 Jul

Catatan

Yesterday looking at the trading price was thinking the blue zone might be penetrated after all. Now though, if the current day ends in the current format, we will end up with 2 candlestick shadows right at the edge making for a curious case and a potential candidate for a change in tune for ACN. Best would be to have this setup and a longer bearish candle for confirmation.

31 Jul

Catatan

Mesmerized by the potential shorting opportunity at the blue polygon with the candlestick formation setup not realizing the potential support zone around the marked price level. Looking forward to seeing if this actually collapses with an incursion towards the milestone small rectangle (orangeish/pinkish). Make a wish before nen projects retires into oblivion.

2 Agu

Catatan

after these bastards manipulating the markets chased my stops Accenture is back on track to disappoint again tricking me into believing it will actually tank and save me from bankruptcy until I redeposit for some more gambling.

5 Agu

Catatan

Thank Infinity I managed to cash in on the short because the market bounced from the pinkish small rectangle making me nervous about a potential turnaround. Regardless of what happens I expect at least one more coincidence at the elements in this project. I can almost guarantee it but that would mean I am either manipulating the markets, know the information behind the plan that might manipulate the markets, or worse. Know the future. I hope I don't know the future and I hope no one is manipulating the markets and everything in nen projects is just a coincidence. I love coincidences. End Project.

6 Agu

Catatan

Rebound for now from the small rectangle but I am out and not buying.

23 Agu

Catatan

The small pink rectangle zone created a very nice turnaround and we are back at the danger zone. Unfortunately from the current setup I can't tell if this zone will end up being penetrated... The project suggests a potential consolidation under it, and with no decisive candle closes above the highs near it I would consider such a scenario, but it might not happen...