manish0109

manish0109

Above I am sharing monthly charts of SPX. If you look at the biggest drops where SPX drop below 200 ema on monthly chart. Whenever it retraced back to 4.618 fib level, it fell down sharply. Based on 1930--32 drop, if you look at the 4.618 retracement level, it came out to be 121. SPX reached 121 in 1973 and suffered a 50% drop Based on 1973 drop, the 4.618...

manish0109

PTON Completed Head and Shoulder pattern on Weekly. It has completed a pullback. I will be watching for price action on the hourly chart and looking for the short entry

manish0109

RACE is building inverse H&S on an Hourly chart. Look for break of the neckline and it will start its ascend

manish0109

AAPL is stuck in Triangle on hourly. Let's watch which side it goes and bring the whole market with it

manish0109

ADBE triangle pattern is appearing again. Get ready to buy

manish0109

Fastly is in process of building head and shoulder on the daily chart. In my opinion, 8 B evaluation is too high. When one of the industry leader NET is at 11 B. Nothing is certain until the pattern plays out. So wait for the breakout and target is $50-52

manish0109

With FAANG making big moves, ADBE is stuck in a triangle pattern. My Biased is toward the upside, but will wait for the breakout. Idea is to Buy ADBE on BreakOut and sell an ITM weekly call.