Inverted head and shoulders ? Bought to break neckline now to confirm.
Still an hour and a half till 4 hr close but this is looking pretty good. Bullish divergence on both oscillators. Working on a bullish engulfing off an area of support. Can’t ask for much more if it closes like this. We’ll see what happens
We had triple MAC D Bearish divergence going into the close of the week. SPY came back up and filled the gap on Friday. But when you zoom out to the weekly we see that even though we rallied into the weekly close, we still ended up with bearish engulfing candles on both charts. We still have that gap to fill around 400 and with all the macro bad news that came...
ES futures showing hidden bearish divergence on the 4hr timeframe currently. Now it's not mature yet or waning but interesting and to go along with the possible gap fill theory. We're getting close to the .786 retrace level as well.
SPY has rallied all the way back up after that massive sell off.....a historical jobs miss. CPI inflation data that was the biggest jump ever. But was it all just to fill that gap ??? We're about to find out !!
42k-43k area. was resistance. never backtested this area after breakout. also would touch the 200 ma which it hasn't done since september of 2020. have to see what happens when it gets there, but that's where i'm waiting for entry.
Looking for an entry into tesla. We have an area of support / resistance @ 465 area. When tesla broke out in November it never backtested that resistance line so it makes the most sense right now and is the next area of support as it falls thru this open space right now.
Almost there. Broke down from wedge and next support should be nice place to cover trade.
Ascending triangle ? Bullish continuation pattern. Apple killed earnings like always and it goes down ? It’s just coiling up IMO. Easy stop loss under trendline.
Look at this . LTC about to break to all time highs. Price discovery. Coins are going nuts …LTC hasn’t had its parabolic run yet. The size of this pattern measured move, if there is one, would put LTC over 800.
4HR showing a nice descending wedge formation. the breakout earlier on the dragonesqe pattern was pretty lackluster on that smaller time frame. let's see what this brings with this breakout. Suprisingly doge held up pretty well when BTC dropped. Daily is holding that 20 MA nicely as well and looks like one of the better coins right now. Bout to go positive on...
Breakout of this tight channel it’s been in. Earnings is in 2 days though. I’d be too scared to hold this thru their first earnings report and BTC flirting with dropping currently. But that’s me.
Bad earnings threw gas on the fire. Rising wedge usually always break down. Now we have structure break on pattern.
Dragon pattern double bottom played out. First target would be 618 to 786 retrace. 2nd target would be top of pattern. Lets see how it plays out
Now this is the hourly but damn this looks good. Double bottom on support with bullish divergence on both oscillators. Dragon pattern at that
Failed to break that resistance level once again. On daily we have bearish formation rising wedge. Also showing hidden bearish divergence on Mac d.
This one is about to pop. This crypto has been stuck under this resistance since basically Feb. All the while making higher lows showing accumulation. Basically bouncing off support 3 times while making higher lows each time. Forming a nice ascending triangle here towards the apex of this patter. Where all the other cryptos have popped already this one might...