navchou

navchou

See chart for 2 potential breakout ideas. Either it pulls back to form a cup and handle or it breaks previous resistance and retests and continues bullish move.

navchou

Previous pullbacks have 1) touched or gotten very near the daily 50ma and 2) have occurred in the early 20's of each month. 2 of the months have resulted in a touch of the daily 50ma and then a retest 5 days later. I expect the pullback therefore to be at its lowest point around May 22. The weekly close is critical this week as BTC must close over its weekly...

navchou

Let's see if this inverse head & shoulders pattern fills out which would signal a bottom for the pullback in QQQ and lead to re-entering the channel and moving all the way up to the top of the channel, which is the measured move based on the height of the head to the neckline. Hopefully we see a bullish divergence on the 4hr RSI as the QQQ pulls back into the...

navchou

Falling wedge pattern in the QQQs. Today it hit 170.25 which is top TL of the wedge and also the resistance of the downward TL from the Sept highs. Significant resistance here. Let's see if it makes a higher low on this expected pullback or whether we see a lower low into mid-December before finally completing the falling wedge pattern and breaking out of this...

navchou

Bearish rising wedge formed. Now reaching apex, down move to 1330-1320 coming I think