Short Starbucks!!@Phil
nice head and shoulders at an all time high
keep an eye on SPY
bearish divergence on RSI and MACD on weekly chart
Chimbot
USDCAD short updatedlooks to be starting new downtrend
there was bearish divergence on MACD as more confirmation of new downtrend
USDCHF Short has a double top with second high lower than first
look for entry at fib .5 or .618 fib level for optimal entry short otherwise play break of support
USDCAD short!looks to be starting new downtrend
there was bearish divergence on MACD as more confirmation of new downtrend
look for entry short off fibs
BABY LONG@phil
smaller volume today after big green candle and good earnings could be profit taking
MACD gaining upward momo
slow stoch oversold and turned over
IBB@chim
downward channel with triple top at .618 fib retracement
however doubt bottom with second bottom higher than first could be a new uptrend or bear flag forming
PEGA long@chim using fib
broke out of bull flag but found resistance at .618 fib level
looking for target near double top made late last year
MACD with upward momo
stoch turned over
NFLXmay try and fill gap but will have trouble with resistance at fib level as well
looking for it to have heavy support around 80
WBAI longusing fib for @chim
Inverse head and shoulders
as well as higher lows on MACD creating some bullish divergence
WTW possible shortnice bear flag forming
however need confirmation by break of support trend line
height of flag pole is shown as 13.29 which could be possible downside if price breaks support
stoch turning over as well as MACD losing momo
watch for support at horizontal line which was the gap that was never filled late sept
ABTLif break of support trend line it is riding right now looking for it to fill gap made back at May 21st
however if breaks resistance trend line look for next resistance at neckline of head and shoulders made at end of last year
AUDUSDhas to break resistance trend line
broke out of rectangle consolidation after upthrust now looking to break channel
EURGBP short4ema turned over 8 ema
MACD gaining downward momo
broke out of rectangle consolidation pattern to the downside
enter on break of support trend line
AAPL shortnice channel downward
also was unable to fill gap represented by upper horizontal line
4EMA crossing over 8EMA showing weakness as well as MACD and slow Stoch turning over on the short side
AA LongAA long depending on market sentiment
AA in a rectangle consolidation pattern
look for break of resistance and we can expect it to move the same distance of the rectangle
