Last time I posted on BTC, Elon Musk put BTC in his bio, causing a spike of around 10%, breaking through the bullish pennant BTC was sitting in. Soon after, BTC retraced back within the bullish pennant, indicating a false breakout. Now we're back above the pennant for a new breakout and it appears we have formed a large inverted H&S as well, the only question is:...
I posted about Zoominfo couple month back when it was attempting to breakout of a head and shoulders bottoming pattern. That breakout failed and pulled back to the 50 MA where it spend few days before it put a higher low (HL) and moved higher. The stock broke out from that neckline resistance again 4 days ago and showed signs of follow through in today's...
Not only is Gold forming an inverted head and shoulders pattern within a descending wedge, it also appears to be forming a decade long cup and handle. Lot's of bullish continuation indicators are presenting themselves but nothing "confirmed" yet. Obviously there has been false breakouts on both the bottom and upper side of this wedge, however, long term I remain...
Could the DXY break out from this huge falling wedge pattern? The markets started correcting yesterday, and it will get uglier should the dollar rally from here. However, there was a similar set up earlier and that just led to a bear flag kind of thing were the DXY went lower so all bets are still off, but this is looking interesting.
Almost identical to the setup on my $TMO post just few minutes ago (search my feed). So no need to repeat the setup logic here. These patterns happen over and over again. You need to train your eyes (and your brain) to spot them and have rules in place to take advantage of them while they are unfolding.
Teladoc forming 4 months cup and handle breakout pattern. Stock looks ready to run higher after a bullish daily candle close on Monday. Stock also broke a 5 month downward trend line on Jan 7th increasing the chances of a successful breakout. Teladoc Health Inc (TDOC)- PROVIDES ON-DEMAND HEALTHCARE SERVICES WITH OVER 3,000 BOARD-CERTIFIED PHYSICIANS
Daily cup and handle setup on Ribbon Communications. Handle forming on low volume (bullish sign). Ribbon Communications (RBBN)- DESIGNS CARRIER-CLASS TELECOM INFRASTRUCTURE EQUIPMENT AND SOFTWARE USED BY WIRELESS AND WIRELINE OPERATORS
50 MA coming up meeting the neckline of head and shoulders short term possible top. Jump?
Antero Midstream shows a weekly 13 months head and shoulders bottom pattern and a daily continuation head and shoulders pattern. The weekly chart is on the left of my post and the daily on the right. The stock broke out of the multi month weekly head and shoulders on December closing above pattern neckline (blue line). The stock since then has formed a...
I'd feel a lot better about going long if it breaks 0.00001 I am just going to sit on the sidelines until then. Thanks
Monthly candles Here's a long term picture of the DXY. It think its headed towards $80. I'm short Buy Bitcoin Thanks
Breakout above the 6.87 resistance. May go further. I'd buy the retest. Thanks
Google might be forming a Head and Shoulders top after a failed Cup and Handle. If the H&S plays out, I expect the gaps bellow to get filled. Thanks
In November of this the stock broke out of a massive 1+year head on shoulder pattern (on the weekly time frame). The stock has been digesting that rally for a month moving sideways right below the $40 level. The head and shoulders bottom chart pattern price target is up around $53. The current sideway breakout setup could be the launching pad to that level.
Neckline around that $178 level. I am long $AUY from last week (but no fire works yet).
Huge bull flag on daily chart. I went long today. Price Target 1 - $77 Price Target 2 - $100
LINK/BTC put in a major top pattern earlier this fall. It looks like the price is going to continue to drop further. The next support is at 0.0052. If it breaks that support, LINK's run is most likely over.