Pennywick

Pennywick

Price is below the daily 8 EMA, testing the 4h MBB. The Falling Wedge Pattern continues, with bear volume spikes at the upper boundaries.

Pennywick

A Market Metaverse - Vix remains above 20 with NQ1! finding resistance at the 16400-16450 zone for the 13th time on the 2h since November 23rd. The Fixed Range Volume Profile (11/23 - 12/16) - Point of Control (POC) is 16286, 2.54% above the current price. The 10Y bond back-tested, bear, the 1.43 support break.

Pennywick

found support below the pattern boundary. In a weekly bearflag, bear backtest of the weekly 50 SMA.

Pennywick

Coin is supported by the 1h UBB with resistance at the 2h and Weekly 8 EMAs. This week includes the FOMC Dot Plot release, and Quad Witching. BTC lost momentum on Indonesia news.

Pennywick

The iH&S confirmed and back-tested the neckline, finding resistance at the break-target .236, setting up a bull flag under resistance.

Pennywick

Price has found resistance at the 2 hour 50 SMA on multiple attempts. Support with the 2 hour 8 EMA below. Arriving at a Fibonacci congestion zone, with a recent volatility Diamond to the left t of the current level. Awaiting a clear break out of the Bear Pennant

Pennywick

MSFT tested the Break Target .236. Price returned to backtest the neckline.

Pennywick

BTC provided a fake-out break-out out of the apex of the Bear Pennant. The hot CPI saw a reversal along the with the 10 year note. The bond yield retreated to 1.46. Coinbase has retraced, following the crypto winter's lead.

Pennywick

12/9 is in the books. Daily Support was found at the 50 SMA. Resistance at the Daily 8 EMA.

Pennywick

Failed the first backtest attempt of the pattern, 15 minute volume on the break increased.

Pennywick

Compression pattern apex has completed, watching for volume on a break.

Pennywick

BTC is following the descending pennant slope, with support at the 2h 50 SMA and resistance at the 4 hour UBB.

Pennywick

Back-testing the break .214. The S&P 500 has formed a 2 hour Bull Flag. The Russell 2000 is supported by the 2 hour 8 EMA

Pennywick

NQ1! continues a low volume consolidation with resistance at the 5 min MBB. Coinbase found support below the active channel .35, and defined resistance with a double-top at the .649. Scouting a reversal pattern, and a confirmation via back-test in the event we have set a 4 hour Lower High. All eyes turn to Friday's CPI with estimates ranging from 6.6 -6.9%

Pennywick

Watching for a back-test of the neckline. NQ1! with support below at the 2 hour MBB.

Pennywick

Price is testing the neckline with mini-bull pennant below the neckline. A low volume day in the indexes as consolidation commenced after the covering rally yesterday. AAPL has led the bull rotation, with Meta finding support at $300. MSFT found supply at the 338 zone with 15!! tests of that resistance since it's loss on 11/23.

Pennywick

Coinbase found support at the 5 Min MBB throughout the day. Approaching 2H 50 SMA with the UBB opening up above.

Pennywick

The good news on omicron treatment efficacy resulted in the celebration, and covering, to the upside. The symmetry of supply and demand from Coinbase's All-Time High to its Higher Low begins the next phase, as the world turns focus to inflation.