JohnChartIdeas

JohnChartIdeas

after initial bounce( first move up) we can see consolidation and now we hvae possible long continuation based on triangle pattern

JohnChartIdeas

chart reached 200sma support area, but we could se another try based on smaller flag possibility

JohnChartIdeas

triangle breakdown odds and run to support area

JohnChartIdeas

still long possibility

JohnChartIdeas

possible break above 200sma /red line)

JohnChartIdeas

60 min triangle breakup odds. Red line a nd 200sma is resistance area

JohnChartIdeas

If will break under 200sma support area then selling odds will increase because of h&S pattern. but also if will break above daily 20sma (blue line) then odds for bounce will increase and we will see previous high and possible continuation

JohnChartIdeas

odds for 60 min break up and run to 200sma (red line) resistance area

JohnChartIdeas

60 min triangle breakup odds

JohnChartIdeas

possible intraday breakup above resistance area. Previous high is next one

JohnChartIdeas

Idea is based on monthly resistance area, weekly and daily pennant odds and also on 60 min triangle possibility what we can on the chart. It will be important to compare CAKE with market action after Monday open to see how strong/weak it is.

JohnChartIdeas

possible pennant break down and swing move what depends from market action too. tinyurl.com

JohnChartIdeas

odds for break under support area and swing move down. for more at tinyurl.com

JohnChartIdeas

odds for swing break under daily 200sma support area

JohnChartIdeas

SPY moment

JohnChartIdeas

At this moment I don’t have clear bias for market direction. Until SPY is above daily 200sma market will hold, but I still think that daily previous high is important for triangle pattern what we can see on the chart. Right now, I see indecision inside of that triangle possibility and we will see what will be broken first, upside resistance line and previous high...

JohnChartIdeas

MGA is on short list because of possible monthly false breakout and correction to weekly support. On daily chart we can see selling from high and that selling pace is stronger then buying pace in to high. Idea is equal move and move to 50/100sma support area. On the 60 min time frame we can see that daily pattern but also, we can see 200sma area and it is...

JohnChartIdeas

Monthly chart suggests that with CCi divergence we could see correction from high. First support will be 10sma support area. Weekly chart shows us small bar after big red selling bar what result with daily triangle and 60 min consolidation. That consolidation I will sue for entry and I hope for daily 200sma as target area what will again depends from selling pace...