PyleStyle

PyleStyle

Short-term bearish on $AMZN for (3) Primary Reasons: 1) The current price-action puts the candlesticks near the top of a downturn within an established, three-month long parallel downward channel. As the price-action continues to follow this pattern, we should expect a retest or near retest of May 12th and 24th lows ($102.41 & $101.26, respectively). 2) The...

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$INTC is currently in the $44-$45 range, an area where it has bounced since 2018. High probability of bouncing again as it has already held this area even when SPY hit the 2022 low of year (so far) @ $405. This indicates strong demand in this area that bulls are likely to protect. The ultra conservative play here would be to set limit orders and for the supply...

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ETH Head & Shoulders Pattern forming on the weekly (also visible on daily). However, price action is consolidating inside a bullish symmetrical triangle. Likely Outcomes: First - SHORT then LONG. "If" daily prices closes below neckline at 2,500, volume shelf is weak below and price will likely to go down to next ATR Fib level at 1,850. "If" price bounces...

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$MAGIC looks to be forming an approximately 7-week Cup & Handle formation (C&H) expected to pan out marked on the chart. Definition : As a stock forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels; selling pressure is likely to make price consolidate with a tendency toward a downtrend...

PyleStyle Updated 

As of close Feb 18th we're still on track for a W shaped correction with a likely bounce at the 300 day moving average on AMEX:SPY . SPY closed today at 434 and the 300MA is currently at 426, implying about 2% more drop on SPY before potential correction. For reference, SPY hit 420 on 1/24 where for the first 300MA bounce occurred. If we get another bounce off...

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SOLANA (SOLUSD) looking to complete a 7 month inverted cup and handle pattern. When the handle breaks under support, then retests it, if it rejects there, down we go. The link here explains the concept and how to trade it better than I can. Let's see how this plays out.

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The whole market is tanking which could invalidate this Inverse H&S on NYSE:DIS , but so far the right shoulder has formed to the bottom and now the expected move would be a reversal to hopefully clear the neckline. That said, even just from here to the neckline represents a ~9% move and gain.