Amazingpowerpatternguy

Amazingpowerpatternguy

4-23 Lets keep it simple. Blue and green lines are support zones on weakness. Red are resistance zones on strength. That is all you need to know. If you are one who buy support and sells resistance? From here its all about the action at the red lines assuming a run higher of course. Feel free to follow on TWTR at @AmazingPatterns For informational and...

Amazingpowerpatternguy

4-22 Chart wise its all about an upside crossover of the green line that? ACTUALLY sticks. In the meantime? The blue lines are support zones in the event of failure to engage. Feel free to follow on TWTR at @AmazingPatterns For informational and educational purposes only, these are not recommendations, trade at your own risk.

Amazingpowerpatternguy

4-22 Could It Be? Is this where we carve out a double bottom? If so then IBB (longside) MAY be carving out a double top. Remember, going long this is gaining short exposure in the bios. BIIB (Biogen) reports so be aware it could have an impact on this issue. Chart wise its all about an upside crossover of the green line. Feel free to follow on TWTR...

Amazingpowerpatternguy

4-22 Gosh, might want to think about grabbing some buds as the green lines are a bull channel folks. Red is resistance, blue is support that defines risk upon an entry. No need to make it any harder than that. Feel free to follow on TWTR at @AmazingPatterns For informational and educational purposes only, these are not recommendations, trade at your own risk.

Amazingpowerpatternguy

4-17 Gosh looking a bit like a Double Top that's ready to break its uptrend (green) if you ask me. But for now? Its intact. I'm sure we'll find out next week. Feel free to follow on TWTR at @AmazingPatterns For informational and educational purposes only, these are not recommendations, trade at your own risk.

Amazingpowerpatternguy

4-4 Monday Morning Flush? If so? Good as there are multiple supports just below and any one of them can act as the one the markets react off of. So at the least watch those levels for stabilization. Notice what is sitting at the blue support lines? Key Fibonacci retracement zones of the 38.2% and 50% So for now call those levels multiple zones of support in...

Amazingpowerpatternguy

4-3 What's it going to be once the reactionary dust settles from the jobs report on Monday. Top blue support holds? Undercuts and a fed head jawbones to save the markets? Or it folds and here ultimately comes 1975 over time. NEVER assume though that we are going to a level just because its there as the Market IS THE BOSS not you nor I. The market makes the...

Amazingpowerpatternguy

4-2 Speaking of a pullback to multiple supports? As long as this issue stays above the blue support lines all is well. This level also happens to be near the 50 day SMA. If you like these kind of chart set ups don't forget to follow me here or on TWTR at @AmazingPatterns For educational and informational use only, these are not recomendations , trade at...

Amazingpowerpatternguy

4-1 Nice looking ABC to multiple supports. As long as this issue stays above the blue and green support lines all is well. This level also happens to be near the 50 day SMA. If you like these kind of chart set ups don't forget to follow me here or on TWTR at @AmazingPatterns For educational and informational use only, these are not recomendations , trade...

Amazingpowerpatternguy

3-31 New Highs On Negative RS Divergence? Thanks Anyway, I'll Pass Talk to me at a support level. A downside break of the green trend channel support with conviction spells trouble in the short term. Speaking of Negative RS Divergence, Notice what happened to the most recent highs that took place on Neg. RS divergence? Its didn't last long before the stock...

Amazingpowerpatternguy

3-31 Can you say resistance? As in trend channel resistance. Can you say New Highs on Negative RS divergence? For informational and educational purposes only Trade at your own risk, these are not recommendations.

Amazingpowerpatternguy

3-30 Another name that's broken it uptrend to the downside. Now? Its all about a snap back rally bear channel to form when it comes to shorting this issue and not until. We've got some Fibonacci retracement zones to help guide us and some overhead supply in the $64 zone. Lets see what it looks like when and IF we get there. These are not recommendations, Trade...

Amazingpowerpatternguy

3-29 Here's the drill. Nice clearly defined uptrend channel that? Put in a Double Top and broke its uptrend to the downside. Now for shorting? Let it stage a snapback rally up to new resistance at either the red line around $52.00 or a Fib retracement zone (notice where the 61.8% zone is? Its at those levels one wants to see? Stalling, THEN one can think about...

Amazingpowerpatternguy

3-19 Gosh, can you say late to the party? Can you say Resistance as in trend channel resistance? Thanks anyway for me. Show me an orderly pullback at or near a support level and I'm all eyes but not here. That's the beauty of using trend channels to guide you. They keep you from making emotional mistakes, in this case chasing a stock after the fact. For...

Amazingpowerpatternguy

3-16 Is Google in the process of building out a 5 waves up affair? Sure looks like it. IF IF IF true then the current trend as defined by the green uptrend channel is up. Notice how this issue basically tagged trend channel support and is pulling away from it? That's where a stop can be placed, a break of the pink line. Notice how within that overall uptrend...

Amazingpowerpatternguy

3-10 In keeping with my theme today of using support to guide your entries? Much like PANW this issue is sporting a similar set up brewing. For those who like to buy stocks in uptrends pulling back to support? You need only ask one question. Where is it? Look no further than the green trend line. Should this issue tag those zones that is where you want to...

Amazingpowerpatternguy

3-10 For those who like to buy stocks in uptrends pulling back to support? You need only ask one question. Where is it? Look no further than the green trend lines. Should this issue tag those zones that is where you want to see the stock stabilize. Keep in mind the 50 day simple moving average is also at 130.00 so you see we have three technical piece of...

Amazingpowerpatternguy

3-6 Know what I like about issues that gap up on earnings? More often than not once the dust settles they tend to build a pullback pattern offering a lower risk entry vs chasing the gap. A lot of times they'll pullback to a support zone. As you can see that is what's happening with this issue. The blue lines are support zones for stop loss and risk management...