Pro:
1. A Gartley (AB=CD) completion
2. Top of down trending chanel
3. Breakout area of previous Double Top formation, which has not reached a 1:1 measured move target yet
4. We have end of May
Contra:
1. The previous Double Top breakout area has been tested twice and we had a breakout to the upside. (Blue Triange)
Conclusion: This is perhaps not(!) a high...
V is looking sickly on the 5 year chart. It's looking like May of 2010 all over again.
Bearish cross 10 week sma below 30 week sma as well as an inflection of 30 week sma (yellow bar on chop zone).
One of the Best Bets for next week, I am holding this higher so everyone should be in better position then me. At this point you should be able to scale into this trade and profit very fast as there is a great level right under us but also a great possibility that we move up Monday and not even trigger the entry. Long here Also video update of great set up for...
Visa ended Friday at the top of its candle on stronger than average volume, recent up days have been followed by low volume down days that have only retraced some of the candles, RSI is strong with the MACD curling up, this stock is at the top of breaking out from a box on the daily, i expect some mild profit-taking up here but the stock looks primed to explode to...
Visa Inc (NYSE:V) has had an epic run like many other stocks in this Federal Reserve inflated market. Today, the stock looks like it has topped. Note the trend line the stock slammed into today and the reversal taking place. Also, a potential topping tail makes this play sweet. This is a great setup for a near term pull back.
Gareth Soloway
Chief Market...
This is by far my favorite pattern. The 1.618 extension on X-B with the RSI BAMM. It has a very high probability of playing out. My first target is major trendline support. If it fails to reverse through the 0.5 fib then further downside will proceed. I feel the same way about V as I do with MA. They have been in insane uptrends since 2010 I think it is logical to...
Details to follow. MA is down on earnings. Visa looks toppy. Full of divergences internally on this rally back to the high. It is under the previous few day's lows and above today's low, so it looks like a short to me.
Sorry to rush out a chart without listing everything graphically.
All the best.
Tim 3:58PM EST Wednesday
