Consistent_Trades

Consistent_Trades Updated 

SHLS is a bullish/strong fundamental stock therefore we would trade it only in a long position. SHLS daily is in a symmetrical triangle which is a bullish pattern. Friday finished strong with a big volume which is bullish. Laso hammers out from 50 days MA and it looks like a possible bull pullback pattern. SHLS is above all major MA which is bullish. Volume is...

Consistent_Trades

SLV weekly is at major major trendline which was formed and act as resistance in 2011. The possibility of breaking above that line at the moment is not big. Volume in this whole leg is dropping and dropping which is an indication of a fake up move. RSI is way overbought. MACD histogram ticking lower while the MACD line starts to turn and it could soon start to...

Consistent_Trades

SLV is at top of the huge symmetrical triangle. A few days ago it break down from a rising wedge which is a bearish pattern. On 23 and 24 it restest trending of that rising wedge, but support became resistance, and SLV got rejected hard. At the moment SLV is making a bear pullback will nice opportunity for a further drop. Volume is confirming price fall as the...

Consistent_Trades

GLD daily is also at resistance, the same as GLD weekly which make even more pressure on the downside. GLD drops out of a smaller rising wedge which is bearish and is still inside of a big rising wedge which is a bearish pattern. GLD formed a bearish reversal pattern at the top, Hanging man. At the moment it is basing at a high which could be bullish if pops...

Consistent_Trades

GLD weekly - gold likely correction/end of rise for now GLD is in a symmetrical triangle and is close to major resistance. GLD had 10 weeks up move and is due to correct. Volume is dropping which is not the best option with such a strong move-up. Volume is not confirming price action. GLD is above all significant MA which is bullish and a sign of a strong bull...

Consistent_Trades Updated 

LSCC is a bullish/strong fundamental stock therefore would be tarded only on a long position LSCC daily is in a symmetrical triangle which if breakout accused would be pretty bullish. The issue is on 18 Jan we had a shooting star reversal candle, and then the next day a red candle to confirm it which is bearish. LSCC is above all major MA which is...

Consistent_Trades Updated 

BBY is a bearish/weak fundamental stock, therefore, we would trade it only in a short position. BBY daily is in some kind of rising wedge which is a bearish pattern. The price is at the resistance line which could indicate imminent correction. RSI is in oversold territory and has bearish divergences what is bearish. MACD histogram tick is moving higher and the...

Consistent_Trades Updated 

AMD is inside the down channel and last 5 months AMD is consolidating at the same price. Inside the channel, it formed a symmetrical triangle. Friday's move was a strong green day with decent but not great volume. This leg-up is confirmed with volume especially the first two days of it. Price manages to stay above 8 and 50 days MA which is bullish, and only...

Consistent_Trades

EURUSD is inside a rising wedge pattern on the upper part of it. There is no more room for EURUSD to go up without consolidation or correction of the price. It is above all major MA which is bullish. RSI is overbought and has strong bearish/negative divergences which indicate on likely drop in the asset. MACD histogram and lines are bullish, but it also has...

Consistent_Trades

AAPL is in the down channel and at the moment right at the resistance. AAPL bounce back from the low to the area of FIB 0.5 retracement just as was expected but now did find very strong resistance at the blue trend line and 50 days MA. Next week's reports and we will see how did they do last quarter so please be aware not to trade over financial reports. The...

Consistent_Trades

DXY is in a big falling wedge pattern which is one of the most bullish patterns to trade in the market. On Friday DXY created an inverted hammer reversal candlestick pattern which is bullish, and we will see moves from today will there be confirmation of it or not (on the bullish side)? RSI is way oversold and had strong and several months-long bullish /positive...

Consistent_Trades

SONO is bearish7weak fundamental stock therefore would be traded only on a short position. SONO after a huge drop started to consolidate in price but didn't move too much and now it is forming a bearish pattern rising wedge. Price is ready for a strong move because above it is BigRed and the trend line which will act as strong resistance, and below are other MAs....

Consistent_Trades

DELL is a bearish/weak fundamental stock therefore would be traded in on a short position DELL is still inside a symmetrical triangle about which we are talking for some time. Last two days price did drop out of the triangle but not below our minor line which is the trigger area for the position. DELL is below all major MA which is bearish and also 8 and 20 are...

Consistent_Trades

Ethereum daily was in a big symmetrical triangle after which its breakout was out of the pattern. It's cleared 200 days MA and now found resistance at high just days before FTX collapse. It is above all major MA which is bullish. Volume is not best but it is confirming this price moves out of the symmetrical triangle. RSI is way overbought and it had very...

Consistent_Trades

Bitcoin daily - continues its move to the up. After the pump above the falling blue trend line it moves above BigRed and then found resistance at a high just before FTX collapse. After a few days of consolidation, Bitcoind broke above those levels on a strong candle but not strong volume. Important thing is that most of this move (75% and more) was from stop loss...

Consistent_Trades

XLF daily is forming two major patterns. Both are in their extreme. The bullish one is inverted Head and shoulder and the second is bearish and its rising wedge. Price did fall this week as we expected in the last analysis and did find support at 20 and 50 days MA and at the trend line and did bounce from those lines. XLF is above all major MA which is...

Consistent_Trades

QQQ daily is inside a falling wedge that is forming since the start of 2022. Price retrace at FIB 0.618 twice during this week. Now that FIB retracement and falling trend line will act as major resistance. It is above 8, 20, and 50 days MA which is bullish but still it is below BigRed 200 days MA which is bearish. Volume was pretty big for a strong move up...

Consistent_Trades

SPY daily is in a symmetrical triangle. SPY is developing two patterns at the same time. The bullish one - a symmetrical triangle inside in a bigger falling wedge pattern and the bearish one SHS (Head and shoulder) pattern. The last day of the week finished a very bullish finishing day at major resistance. SPY is at major resistance at BigRed 200 days MA and...