For AAPL this is what I’m seeing personally. I see a bullish triangle and the low volume consolidation which is key as the triangle tightens before breakout. A few things: -bullish triangles are definitely bullish patterns so I’m bullish above 321.00 -the CMF is increasing along with price which makes me feel strong about buying and sentiment - while buying is...
ORCL has made great moves within its longer term bull flag and has formed a nice hidden bullish divergence early which led to a bullish triangle that I believe will be the setup for bullish breakout of trend! The new triangle support giving us a good place to be bullish above and working with our bullish expectation for the bull flag breakout.
NOW has a few options but in my opinion - all are bearish. The first is HNS which as we know has a heavy bearish bias.. the second option is a triple top and/double top depending on the next trading session highs. This is a great channel with consistent bounces at highs and I expect it to break to the downside below neckline support. Note the three cases of...
I’m waiting for long opportunity for **CLVS** but although it’s down $3 since ER I want to get the best price possible for my long entry and on the daily this is a great example of a double top. Too often *double tops* are used in the wrong sense (just two high peaks over any timeframe) but they form after an uptrend when price consolidates sideways in a channel...
TSLA is in a diamond top formation (slanted HNS forming and the oscillators are disagreeing with the rising channel it’s been gathering support from. Expecting to see a move downwards shortly if it stays below 826 price level.
BYND is in a rising channel and showing weakness which will be further confirmed when we see downtrend develop confirming a lower low and lower high. BYND has been trading sideways with weak volume which is customary before a breakout but I would expect a break to the downside in next two trading sessions below 145
SPY selloff despite being externally driven(news catalyst) from a technical standpoint; it's still great to leverage and use as a tool going forward.
AMZN is nearing two key resistance levels but has some great strength going into this week and a few strong support lines where I would expect more buyers to flock in. This will be a fun item to watch!
AAPL is in a bull flag pattern and a rising wedge acting as the flag; expecting a continuation relatively smoothly until we near ATH.
SPY showing some weakness and will be bearish below that 292 support zone - This is an educational tool primarily just to show usage of price patterns 👍
Here is a fun little analysis on ZM.. I think it could bounce a bit and have a lower retracement along support before selling off more and having the bearish breakout but this was a fun one to watch!