duyca17

duyca17

GS ER report before the Open - rejected and closed below MA200 - falling resistance around 211.56 - MACD is the only bullish signal

duyca17

- Wave 5 hitting the rising resistance @56.50 - Stochastic ready to go down - 15' RSI negative divergence while stock making another higher high => bearish signal

duyca17

The hourly Inverse Head & Shoulder has been confirmed with abnormal volume at breakout above the neck line. So now what is reasonable target for this pattern to complete? Just refer to the textbook, the target should be equal to the length from the low of the head to the neck line. That being said, SPY bulls would be hesitated around 291.13. But more...

duyca17

break trendline resistance & build a base w/ volume => bullish bias

duyca17

1st target: Gap to be filled @ 29.47 2nd target: Fibo Retracement 38.2 @ 26.91

duyca17

A push through a 200 psychological level will confirm the pattern, only if coming along with buying volume.

duyca17

Outlook on Wed: - 15' Price: lower low, 15' MACD Histogram: Higher low => Bullish scenario - price currently below trendline support which had been broken during the day => Bearish scenario. You guys pick the stronger signal you might think.

duyca17

PREPARE FOR A BREAKDOWN DURING POWER HOUR

duyca17

- Realizing the channel line will help you narrow your trade plan into one or two signal to go long or short. - With the current rising channel line, short sellers will be showing up at any time and out of nowhere. - At this price level, the R:R ratio is not in the favor of the bulls anymore, that means it's time to go short with a tight stop loss. PLEASE DROP...

duyca17

Outlook: - the top of the gap will be a strong resistance. - MA200 is catching down, also plays as major resistance. Remember: the 1st time trying to reach MA200 usually fails. - Shortable area: 197 -203

duyca17

Outlook: - bear flag on 1H time frame - Above 43.93, bear flag will be invalidated. - Price still above both EMA 12 &26, that means the bulls have an upper hand. - Below 42.99 -> bearish - Above 43.93 -> bullish

duyca17

15' Symmetrical Triangle. I just compared with the most recent symmetrical pattern on Feb 6th

duyca17

The 5-wave structure completed The 3-wave ABC correction might have been complete. Support: 24.58 Long entry: current level Target: next resistance @25.88 R:R ratio: 2.91 Stop loss: below 24.58

duyca17

- The 5-wave structure might have been complete - An ascending triangle pattern appears on the temporary top which is a bullish signal. - A little pullback to 270.16 would be reasonable to set for a higher low on the hourly time frame. Outlook: short term bullish

duyca17

276.45 will be a reasonable target heading into tmr, which will create a double top on 4H time frame.

duyca17

the H&S pattern may not play out anytime soon, but worth to keep an eye on it. Multiple daily higher lows following multiple RSI lower lows. Bulls are losing their momentum.

duyca17

Just my finding of any possible similarity with SPY on Mar 5th?

duyca17

NFLX moving within a rising wedge on daily chart. Definitely no trade zone. Wait until the wedge building process comes to the final stage and get a big smash down or break above the wedge which is not likely to occur.