Reigncane

Reigncane

I have noticed a pattern over the years. When the 3rd peak touching the top double blue lines breaks through and then comes back down into the channel. It is a sign of more shorting to come. More often it will continue its uptrend if it breaks out of the down trend on the fourth touch of the double blue lines. Yet to come. This is 1 bad sign from my...

Reigncane

Could it be? The long anticipated breaking of the downtrend and beginning of some sideways movement? Looks like the perfect entry for a good risk/reward. I'm in for now. Short term target is $9.

Reigncane

Will we hit support this far down? The support trend line sitting way down there is looking like a good risk to reward entry point. I would imagine lots of buy limit orders are waiting there.

Reigncane

This is it. TQQQ drops between 50-70% on major pull backs once over 2 years or more. We are now at the bottom of one. It is time to pull the trigger and buy in weekly for the next 1.5-2 months. Long term support lines are perfect. Short term trend lines are lined up. We are in the pocket, set for a turn around. Stop loss at 10% from today and goal is 160%...

Reigncane

Too many options right now to enter, need to wait for this to mature. I would say we most likely wedge out and long from there.

Reigncane

Confirmation coming about blue line. Good time to add

Reigncane

Oval Buy Zone for tight R/R ratio Very bottom of the channel here. Time to dollar cost average over the next few weeks, but bail out if we drop down and out of the red oval.

Reigncane

This red line....it has been resistance for a while, now acting as support during this down trend. Simply a good risk to reward ratio buy in.

Reigncane

Been following this wedge for a while. See past posts about it. 4th touch is in, volume spiked and now consolidating. Its a great entry and I plotted 3 target prices to sell based on previous highs. Now we wait.

Reigncane

3rd touch just happened. Hopefully we get our 4th touch and break through from there moving up. The wedge will complete in December, depending on how soon it touches a 4th time and moves higher will tell me how strong the upward trend is. If we do not get a 4th touch, more down.

Reigncane

Just chart analysis. I've heard other's opinions of $5.

Reigncane

Up for now. Sell at the top line and buy back in if it keeps going.

Reigncane

Also, interesting to see DOGE act as the inverse of SHIB.

Reigncane

4 touches and we get a move. Using this strategy has really helped me. I was always being told by different traders that things happen in a series of 3, when it hits 3 times it is time for action....and I was losing money. I then heard from a professional trader to use 4 touches......35% gain in a month, trading every day. Could this little trick really be...

Reigncane

Super excited to see this form. Perfect entry for a tight SL. Looking forward to Monday-Wednesday!

Reigncane

Using a 4th point of contact has been producing really nice results for me the past few months. Shown in the chart with the highlighted dots. Today on the 4th touching point, which should have sent TLRY down if the months of shorting were to continue, we were rebought! Lots of support. Looks like we will be soaring for a bit more. Friday is always a crazy day so...

Reigncane

The divergence of price to RSI is a good sign of a strong trend. Going higher than the previous peak that topped out at 4k and still sitting lower on the RSI. We still have another 10-15% gain to see in the short term.

Reigncane

yesterday's break through was the first sign of support. Crossing $14.5 will be the second, until then it is in the buy zone with a stop loss at $12.8 Anything below $13.15 is a great target buy. Looking at a 50% return here with how volatile this stock is....