brycat23

brycat23

CSCO rejected resistance line multiple times and is beginning to show weakness and break bullish wedge trend with higher lows and higher highs. Rising wedges also typically have a breakout to the downside as buyers exhaust and that is my expectation with CSCO as well.

brycat23

NBL is showing strength and is in a near term bull flag, but a longer term bullish triangle. I am bullish on a breakout as long as we hold the key level and 20 MA as it has been finding nice support/resistance at these levels in recent trading. Longer term I would expect a break to the downside of the rising channel - but there is a gap to fill and a triangle...

brycat23

AMD has been consolidating for some time now and is starting to show strength in the bullish continuation pattern its been trading in. With strong volume and higher lows (above 52.85) i would expect to see a breakout of the channel and bull flag for a decent move (potentially $1.5-2 based on the height of the channel. See chart for more notes!

brycat23

Below is a detailed chart of some of my favorite trading techniques and how they apply to day trading - more specifically here is the falling wedge. This is one of my favorites to trade - especially after an uptrend like in ABT, as they are heavily biased towards bullish breakouts. These offer great potential from a risk-reward point of view - limited downside...

brycat23

TSLA is a hot topic of debate in many trading groups I'm in.. People worried about the cost of the contracts, the volatility and the IV burn especially. When playing TSLA day trading entries are pretty abundant and so long as you trust you TA and your setups you can make great returns scalping 30-60 minutes a day on TSLA without leaving a huge amount of risk on...

brycat23

SPY in a rising wedge classic bearish bias and has struggled at 292 level. I would look for a breakout to the downside with a stop loss of 292 on the day.

brycat23

I expect BABA to retrace lower and eventually break support of triangle before filling the gap to 191 similarly to what happened on the previously gap fill out of the falling wedge.

brycat23

Buyers have been picking up shares at this level but are likely getting exhausted as it fails to break resistance and is making lower highs. Buyers will slowly fade out and move to more worthwhile investments after repeated failed breakouts

brycat23

BAC is in a falling wedge but has been consolidating and building bullishness towards the bottom and I expect a breakout to the topside to occur - bullish above 22.20

brycat23

Textbook rising wedge with multiple diverging indicators, expecting a nice breakout with good risk-reward balance 👍

brycat23

I’m less confident in this one but AMD is still technically in a bullish flag formation, just lost 20 day MA but could easily retake in the morning, and there’s another support level below the flag break that could foster a bounce but below that we could see decent downside. Also despite the EOD move buying on AMD was stronger than the market which gives me hope...

brycat23

See chart for details!

brycat23

WORK has been trading sideways recently, however it’s still holding strong on the 20 day moving average and holding the demand line consistently and looking for a break of near term trend and then volume to come in for a move and squeeze thru $30 price range.

brycat23

See chart for details!

brycat23

SPY is in a bearish triangle on the hourly and has a gap to fill from 285-283 with a breakout to the bottom of the triangle. Expecting to see 283 zone within a day or two if we don’t break 287.5

brycat23

See chart for details! Expecting topside breakout shortly!

brycat23

See chart for details

brycat23

I missed this in my sweep but this is a textbook falling triangle with huge gap fill potential. 10/10 shorting opportunity with lower highs and the eventual squeeze to downside.