If you look on my past $AMC post where I predicted the last major breakout (M) you can see that we have been here before but on different timeframes. Here we have a Falling Wedge breakout. This pattern occurs within an uptrend and consists of lower lows and lower highs. We can confirm it is a breakout by the price closing above the upper descending trendline drawn...
Yet another bearish signal. On the 30m timeframe we see a Head & Shoulder pattern formed suggesting a bearish reversal. The neckline is a trend line that is drawn across the intervening lows and should be horizontal or upward sloping to the breakout area. As you can see we closed below the neckline suggesting a breakout confirmation with above average volume. To...
On the daily timeframe we can see what looks like to be a Shooting Star candlestick which indicates the end of an uptrend and start of a downtrend. PFE has been going up for about a month straight now and has been due for a major correction along with the market as a whole. However, vaccine stocks have been on everyone’s radar as the Delta V has been on everyone’s...
Last time I charted $PFE I was wrong about wave (C) going lower but we still had a good entry to ATH we see now. Today we completed Wave (5) from the previous 2 cycles now about to be on its 3rd. PFE has been respectin EW theory pretty well so far. According to EW we should see some type of ABC correction. Mid day PFE tanked hard and fast which completed...
Truth is I don’t know. But on the (D) timeframe we first see a Bearish Engulfing Candle which is usually a bad sign. However we also see a Dragonfly Doji which is a bullish reversal signal. The long tail of the Doji shows us that there is strong buying pressure @ the $29.38 area. This Doji also created a double bottom and suggests that we are bullish for at least...
In the 1HR we can see $FUTU in what looks like a Ascending Corrective Wave (Horizontal) Triangle with a flat top, bottom rising. It looks like it completed wave ( D ) and is primed to start wave ( E ). MACD looks like its curling up ever so slightly. RSI is in the oversold territory and the last two times it was in this area we had a good move up the next day. If...
On the daily timeframe we see PLTR forming a beautiful Ascending Triangle, closing above $22.74 key level of resistance. Increasing of volume confirms a breakout should come. ER is on Thursday. We may see a run up to and beyond earnings. Short term PT is $24.50. LMK WHAT YOU THINK!
PFE on its way to $50. Must complete this cycle to move on its next leg up. I believe Wave C will come to down to the $43-$44 area before its way to $50. There is speculation on FDA approval early September. Calls are still cheap for the potential upside it may have on approval. I would look into the Oct exp.
Closed above major resistance after looking like a bear trap. 1HR MACD curling up. I’m thinking a continuation to at least $15. Early morning pop then sell off I’m suspecting for Friday.
$FUTU breaking out of a bull flag formation. It broke past the $156 resistance and closed above it indicating a possible continuation. 4HR MACD curling up. I like trading $FUTU as day trades mostly especially on Fridays, the swings are big sometimes. Lmk what you think.
The beginning of this week (6/14/21) $AMC broke out of last weeks Triangle smashing past that crucial $60 resistance, touching $64. That move completed Impulse Wave (1). Today (6/16/21) we completed the Corrective ABC subwaves that concludes Corrective Wave (2) . There we found support around the $52 area. As things continue to ramp up, this next Wave (3) may...
2 weeks ago (5/31/21) $AMC had a long overdue pop due to a Gamma Squeeze and FOMO buying causing very bullish momentum reaching a high of $73. 1 week ago (6/7/21) was all about consolidation/retracement shaking out the weak hands with increased FUD around the market slowing the momentum of the previous week with a low of $37. This week (6/14/21) we are set to have...
C&H forming on the 1hr. Looking for a pullback at the $39.50 level before breaking out. Depth of the cup brings us to the $42.60 area for my PT. LMK what you think!
$IVR went up 17% today and up 11% AH for no particular reason. I sense a pump and dump forming to futher distract us from the MOASS $AMC. How ever we should take this oppertunity to our advantage and play the trend while taking our profits over to AMC. Thats what im doing, you can do what you want. I feel like it could reach $8+ before being dumped. Tomorrow I'm...
$AMC is consolidating nicely. Finding new support at $52, we are stair stepping our way to breakout of the Ascending Triangle forming. I drew out the ideal breakout for AMC. I believe once we breakout of the $67 area of resistance we can see $100 in our horizon hopefully this week. We apes just have to keep buying and holding, its that simple. Let me know what yall think.
Been trying to do more research on Parabolic Curves but am still a noob so please correct me where needed. It looks like we're in Base 3 which is the most volatile and most porfitable base. As we can see with todays price action (6/3/21) , the massive swing low and highs that occured from MM's and media FUD made it the most volatile yet. This suggests that we may...
First time looking at WISH tbh and noticed how fast they brokedown to single digits. The pattern it's forming is my favorite to trade, the Falling Wedge. This pattern has a high probability to retest its ATH then eventually breakout. This is an ideal long term hold as we are reaching the bottom soon. It took about 5 months to get to these levels and I feel like it...
$DOGE is forming a Falling Wedge pattern which is one of my favorite patterns to trade as it is a high probability pattern to follow through. The pattern usually requires 5 touches but the overall formation is there. The pattern suggests that it will retest previous ATH's, then eventually a breakout to hopefully $1. Now would be a good time to scale in. LMK what you think.