There's some good symmetry (time & price) & a couple of patterns trying to play out here. If we hold above the low from 12/14 for a nice move up, with possible rejection points along the way. For support, the green line must hold for a potential new pattern to come into play. for resistance, watch the B points of the patterns as well as the extensions (in black)....
Time, Price, & Pattern appear to be lining up for $AAPL for a measure bounce. Resistance areas & support marked on chart
So far rejected by the channel (I'm calling it a contraction channel). If we can't break into it & hold, we probably retest the lows & probably a bit lower. If we break up into it, I'll be watching for the scenarios in blue & pink (adjusting based on progress). It still shows as being bought though so my bias remains bullish (short term) unless the apex of the...
Added some bearish possibilities (A/B/C correction & Bear Flag).
Looks like the move lower is finally upon us. Let's see, target below $16
Original thought was wrong as bounce was promptly rejected at trendline. Bullish Bat looks to possibly be in play here so I'm looking for a good bounce from $5.86-$6.12
A lot of things going on here. Current thought is that it could shoot out lower from consolidation but the trendline below (pink, dashed) supports it for a move back above $100. Long term I like it higher but no position ATM
Currently targeting for ~$93, with a shot to fill the open daily gap ~$98 by end of September
This is a monthly chart (WIP) with 2 very long patterns I will be watching it for buying opportunities below $39
Possibly wishful thinking, but if $TSLA can fall into the Kumo I think that would be a good spot for a long.
Basic Weekly chart held the main channel line as well as previous Resistance (2013) turned Support from 2014. Last week's candle held just above Kijun & finished close to HOD
Monthly version of $JO. It looks like we are completing a pattern that has occurred before, just on a larger level. We are currently sitting on major support from the 2013 low, so it may put up a fight for a month or 2. However, I believe it will follow the multi-year trendline (in green) & complete this current pattern at the 123.6 extension (like the larger...
The small bounce off of confluence is losing steam & $TXN looks to finish completing this Bullish Bat Pattern. Once the consolidation here (green symmetrical triangle) & the confluence area ~ $55.89 breaks it should move to the $52.46 target (161.8% fibs & ~ the target area of the back side of the symmetrical triangle)). From there I'm expecting a move to at least...