DRiddick43

DRiddick43

From what is a descending channel which also has a higher percentage of completion than the others. Whether is a Continuation or a full Reversal solely depends on where it breaks out at. In my opinion this is going to be a full reversal considering how we have been more so consolidating, rather than dropping. No position just yet but i will scalp and lean more...

DRiddick43

Based on what im currently noticing is that its possible we can get another breakout either tonight or tomorrow on the smaller time frames. These patterns typically have a 78% succession rate but since its on a smaller time then it would bring it down towards 68% imo. I will be playing this out and if it works we are golden.

DRiddick43 Updated 

Here we have a Channel up pattern in which weve been seeing alot with future lately. i definitely would like to play this out. 1. we are currently in a 30 minute supply zone. 2. a break lower up here would signal another bigger timeframe LH.

DRiddick43 Updated 

Textbook bearish descending triangle on the daily timeframe. Going to play the breakdown to the downside to see if it comes through. Standby for price targets if it breaks.

DRiddick43

First trade after taking a long break so i may be rusty or not. My bigger trade will be this Symmetrical triangle on the daily timeframe. Here I believe that we are in the last part of the wave or the second to last. Mind you this is on ES.

DRiddick43

I want to add SQ to my watchlist for this week. Looks very interesting inverse head and shoulders. Just something to keep in mind. I also seen this on twitter so this is just my version of their idea.

DRiddick43

Nice head and shoulders pattern forming so expect up and down movement these next couple weeks or so. I will say to just play it day by day and the swing longterm puts when the shoulder is complete.

DRiddick43

Bullish expanding Triangle on the weekly and daily timeframe. LONGTERM PLAY. Will post a 4hr time frame chart to show levels.

DRiddick43 Updated 

I promised an update on a more clear direction and well heres what I see for now. This pattern is known as the Bearish Symmetrical Triangle and pretty much goes as follows. A failure on this would be a break above where pt 5 is at.

DRiddick43

Looks pretty interesting if you ask me Id recommend to not fall for the trap

DRiddick43 Updated 

Here's an interesting take on it, TBH it could absolutely just drop but considering what day it is today i feel that a bullish movement is more than likely today.

DRiddick43 Updated 

Just a thought here, look at the head and shoulders prior... look familiar right just you know upside down i see. Rally is inevitable, PAY ATTENTION then we can short again. Feel free to check my previous NFLX TA for the update on that.

DRiddick43 Updated 

Okay ill be honest there are several ways that this could play out so ill give a brief summary of all possibilities: 1) Daily rising wedge(Blue Line) along with a daily gap to fill (white box) 2)Mid Size rising wedge (White Line is the bottom) Most important ones to watch short term is the gap fill on the daily and if break below bot the big and ,id size rising...

DRiddick43 Updated 

Summary: We are still fresh out of the rising wedge so i believe more downside is still yet to come, however a retest is in order for another leg down to come. Demand zones at the red boxes and 4H resistance is the yellow line. Ultimately the 385 and a possibility towards 388.5. From there a break into the demand zone with a possible gap fill or it rejects at one...

DRiddick43 Updated 

Only thing major that's worth mentioning is the Symmetrical Triangle on the weekly and the daily time frames. Other than that the rest is the 1hr-4hr demand and supply zones. Depends on when i see a break out or a break under for the triangle will determine my position on it, for now neutral.

DRiddick43 Updated 

Tesla has been on a continuous downtrend because Elon news but also because of his continuous selling of his shares which is now in the 3 billions. However recently Cathy has bought tons of shares, mostly like will have a short term bounce because of it. Another note to mark is that we are bouncing from inside the 4hr demand zone which can mean that it was a weak...

DRiddick43 Updated 

The h pattern is a pretty common pattern and noticing it early on is perfect. I’m not 100% as it’s already showing some rejection but all it needs is a little push and once that happens and it breaks . Game over

DRiddick43

Cant just ignore the possibility of an Inverse Head and Shoulders that could happen, a stretch maybe but it all depends on the overall market.