By March '23 gold did a strong breakout near the 2000 quote. After that, the prices did not continue to flow and stucked inside a congestion at that level. At 04 May '23 the prices tried to overpass the previous top but failed. This failure gave us a doji candle, at the previous top, a very bearish signal, and besides that, it also gave us a double top formation....
In this chart I point to main chart pattern in the SLB prices at this moment, that is the head and shoulders. Not only that, but the prices are doing a breakout of this pattern, that I indicate step-by-step at the purple text in the chart. I am also trying to take some advantage of this movement, and so I bought a very short term put option to try catch some...
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Stock may keep falling until hit the lower support and resistance box
A falling wedge is identified, may form a comeback for the stock
At the bounce point, there is a hammer that create much flavorful condition for a long move to the upper resistance.
The price is bouncing from a rising support of a rising triangle.
A shooting star appears at the upper part in the symmetrical triangle, there is a possible bearish force pushing the price down.
The price breaks a weekly uptrend line and has retraced back to the line. It serves as an opportunity to go downward
The price broke the bottom trend line and has retraced back to the line. It creates opportunity to enter for a short position.
QCOM has to move downward after break the pattern support, potential short term downtrend. The risk is retracement to the support before falling further Entry: Red colored
JD has the momentum to move downward with volume increases higher and squeeze momentum highlighting big move, likely to be downward. This create opportunity to short. Enter long: red line Exited after 1 bar, exited due to sluggish uptrend move
I identified that the IAU possible to stay low in the mean time as stock market as at the brink of possible making an all-time high. Therefore, the trend is moving down. Entry: 14.37
MSFT currently is moving a pretty tight rising channel move. The trend is point up and currently located near its support, that serves as an opportunity to buy. So, I bought a naked call Entry: 137.32
I identified a rising triangle or wedge that makes the AMAT trade attractive. Currently, the price seem to be at support, therefore I entered the trade now to see how it plays out using naked call option. Entry: 50.96