thechez

thechez Updated 

It looks as though USD/CAD has pierced through the long-term downtrend dating back to January 2016. As well, it has regained the uptrend formed from January 2013. We could see some big moves up in 1.30-1.40 range in the upcoming months. Let's see if it can sustain movement and break this long term downtrend or if this is a false breakout. Should be interesting...

thechez

Just a crazy idea. Or is it?

thechez Updated 

Hi, It looks as though SPY is forming a right shoulder right now to complete a H&S formation. On the right shoulder there was actually an inverse H&S forming inside of it (see smaller timeframes for better look) but was rejected at it's neckline (272.98). It's always good to look at the big picture because usually the formation in the longer time frames will...

thechez Updated 

Hi, There is similar divergence on the daily Stoch RSI right now that occured in March 2018 as well. The MACD is about to rollover to the upside as well. Expect price to up to at least the downward trend line in pink.

thechez Updated 

Hi all, Sogo is looking to go parabolic as a massive bull flag is starting to take shape. Price action has repeatedly tried to take out the support of 13.82 but has been rejected every time leading me to believe that we will never see a Sogo stock price below 13.50 any time soon. Volume has tapered off a bit as it consolidates in the Bull flag and the Stoch RSI...

thechez Updated 

Netflix has gone parabolic with gains close to 85% in 2018 alone. However, price action has led to an ascending wedge that has a strong possibility to break to the downside. To strengthen that argument, the MACD in 2018 is showing a bearish divergence across the past 3 relative highs and the recent ATH reached in the past week. Let's wait and see what happens...

thechez Updated 

On the 4 hour chart, Netflix is in a ascending triangle and a violent breakout seems imminent as the volume has tapered off significantly as the triangle consolidates. Technically, an ascending triangle will breakout with the prevailing trend which in this case is still upward, however the MACD is showing a massive bearish divergence (blue arrows) across 3...