thinkless

thinkless

Potential breakouts with retests near 70,000 or all time highs. A falling wedge is a bullish chart pattern that suggest an uptrend outside of the channel. Wedge heights should be drawn from local highs within the wedge to the low points observed prior to breakouts, and used to estimate short term sell points and take profit zones / potential points of resistance....

thinkless

Cup and Handle just broke out. Went long at $0.33, potential take profit up to $0.50

thinkless

Short now @ ~$47,000; close short at 32,400 Long @ 32,400; close at 39,700 Short 39,700; close at 29,700 Long 29,700; close 39,925 Short 39,925; close at 25,500 Long 25,500; close at the moon

thinkless

This beautiful mathematical pattern forms in the wake of a downtrend, as ascending triangle patterns often do. The reaction breakout of the pattern would bring us right up to the 200-day moving average; gorgeous math! TA and stop losses are how I never lose more than 1-2% on a position before leverage. Always trade at your own risk. Never risk more than you can...

thinkless

Comment below and let me know what you think of the play!

thinkless

read the text in the chart. it details all the positions.

thinkless

Check out these three scenarios and sentiment! Which one will prevail!?

thinkless Updated 

stuff

thinkless

Conclusion of this TA: I do not expect to retest the moving averages until we get closer to the pinch point of this pennant. To fade a 50-day MA retest, we would need a sharp (3 - 7%) decline over the next 2-3 weeks.