Double bottom bounce off double fib .382, .618, being supported by 200MA, and squeezed by the 50Ma if it can push through, pt1 $45, pt2 $48, pt3 $54. 10-20-30% move on underlying can get real frisky on options chain. The Risk Reward ratio looks good here imo
Possible classic resistance turned to support, rounding bottom pattern, look left Vol Profile Vacuum could trigger a move to 45
Possible scenarios 200MA above will act as resistance along with trendline, however if markets continue the "buy the dip" regime were currently in this gets explosive on the road to ATH with pit stops at 207, 217, 237, 275. Interesting inverse H&S showing up while buyers appear to be stepping in (increasing volume)
this is a new coin, only two weeks old. but right now is looking like forming a cup and handle pattern. this is just an idea, because it is a meme coin, so i dont expect this pattern to play out. if it did, we are looking around 600% pump if break the resistance line (pink line)
CURV is forming a huge rounding bottom (spot on for a plus-size clothing company) with a big gap at around 14 $ on a higher time frame. In a shorter time frame, there is a clear falling wedge that could soon be broken on the upside, this theory could be invalidated as there is a gap to be filled in the lower 2.5 $ area and the 200 ema could be a big resistance. IF...
The waves are just beautiful even in this correction. Impulses and corrections are clear. I have relatively high confidence we'll be heading into the last portion of this double ZigZag after a slight upwards correction to kiss the Trendline and/or the golden pocket of the last structure. We're seeing considerable volume in this Y Wave . I'm hoping that will...
It looks like stocks bottomed today, but what is my evidence, and why would I say that? 1. This correction has been very orderly, and VIX has been going down along with stocks, which means something is happening. 2. Stocks have held exceptionally well despite rising interest rates and the DXY. 3. We have continuous liquidity injections by most central banks, and...
this describes the bearish trend angle meta has had recently due to the fundamentals and outstanding availability. if we dont regain an immediate footing on this bear trend and break it were headed for the lower horizontals. even if we return to the middle regression staying over an anchored vwap band price should struggle to stay away from middle regression...
We have been making lower lows on the daily RSI since the start of the year and even though price has reached a new low the daily RSI has printed a higher low. Bullish divergence is forming and with price sitting on this amazing support which has shown time and time again it can pivot momentum quickly to the upside I think we there is a high chance there will be...
Assuming with a high degree of certainty, that positive traditional market sentiment is waning. As we enter the first acknowledged year of this Great Inflationary Central Bank Recession, caused by a combination of negative interest rates and a supply chain bullwhip effect even the Russian military's logistic department might have been able to spot. We are going...
SPY along with the Dow Jones are in a very similar broadening trading wedge. They both have also recently broken out of a bull flag, also they have both entered above the 20 level in Stochastic RSI, (the Dow first). The Dow Jones also printed a bullish engulfing monthly candle back in Oct of last year just before breaking out of it's respective bull flag. ...
Stocks closed pretty strong for the year, and the yearly open filled a gap very quickly. At the moment, I see very little evidence that the year will start with a massive dump, especially after 2022 was so brutal for stocks, bonds, and crypto. It looks more likely that things will first go up and then potentially go down. The market resuming its bounce makes more...
Like Ryan Gosling says in the movie: Big bank, small bank, I like to make money.. Allright?! On serious note: This is not fun and many lives will be ruined by this crash. Stay safe and secure some profits for your family and loved ones
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Cheers! Not a bad area for a turn here. Hitting some resistance, some Elliott Wave Fibs and some geometry. BUT the bounce up appears to be a 3 wave move and a...
I see many people expecting a massive crash because the yield curve has inverted, but they forget that stocks fell as the yield curve was inverting, something that didn't happen in the previous times. Before the earlier crashes, stocks rose before the inversion and kept growing for a bit after the inversion. In 1989 stocks didn't even fall after the 10y2y curve...
Accumulating some TGT here around $140-151-158 Targeting (pun intended) at least 200 EMA on daily chart - 174-176-179-182-185-190-200 SL- 133
Stocks are still contending with relative highs. The S&P 500 has been wavering between highs at 4009 and 3963 or so. The strong buying spike from CPI last Thursday has leveled off in a sickle pattern. From here, we will see if stocks continue to range or if they retrace. The Kovach OBV is still bullish, but does appear to be losing steam. We could be forming...