So far the SP has in text book style retested the broken daily trend line however it still hasn't reached my bearish wedge target 2784.6 in hours as yet I'm expecting a move down to the very least 2874 again ... If the SP craters I wonder if we do eventually reach the bottom on the megaphone pattern its currrently sat in which is around 2180-2200 ...
Several bearish patterns in play the most immediate one being a small head and shoulders which retested the neck line yesterday and closed outside it, first target is 2850 ...
Second pattern is a bearish wedge which suggests quite a bit lower target 2772 ...
Retail seem to be swinging from short to long so it suggests it may well carry on going lower to cause...
An interesting weekly picture on the FTSE, this week its retested it's weekly channel which it previous broke out of to the downside, yet its broken and closed outside the last remaining downward trendline in recent weeks ... I suspect tomorrow will hold the answers to whether the bulls keep control or if its a failed breakout and the bears take over, look for a...
Various bull ideas for the VIX suggests the indices may pull back somewhat ....
Bullish wedge with a target of 27
Triangle ideas first target 33 then bigger target 57
Crazy Dax after a failed breakout of the megaphone pattern which I mentioned in my previous idea it basically reversed hard and broke to the downside of the megaphone pattern and it the target pretty much where I'd have expected it too ...
It seems to have setup a nice daily bull flag which today it closed outside of, the target for the bull flag is around the...
Potential invs head and shoulders its reached 7300 area as expected from the last idea I posted and it created a neck line it seems to have now created a right shoulder a 4h chart a break and close above 7300-10 area suggests 7523 as a possbily target next ... Maybe it only gets as far as the 200 SMA for a retest of that ...
Bitcoin seems to be sat in a downward daily channel currently.... I just wonder if its about to create a right shoulder for a move back upto 17712 area... Looking to see if it pulls back to that blue area which is around the current 61.8% fib, if its going to breakout I would like to see it happen from arond the centre of that channel which would add up, however...
FTSE seems to be potentially heading back towards the bottom of the megaphone pattern so far I can count 4 waves down so it would make sense for 1 final wave 5 down to that area ...
Potential long area 7030 - 7040 - target 7300 area (maybe a potential neck line too) ...
