For Wyckoff to work properly, you must first take the top-down approach of the sector to the individual stock. Then you must predict where the price could move using the law of cause and effect. Here is my take on Wyckoff Accumulation Schematic.
Beautiful inverse head and shoulders pattern on ticker symbol SNAP. Possible 50% gainer here. Not investment advice.
Wow, the opportunity of money making has never been so clear until now. Finally, we break out of the downtrend and get some bullish momentum to the upside. We have 2 bars touching the demand zone--close to a demand zone that I have drawn. It is likely we will see 4$ again.
Everyone is aware of the tension between snapchat and its competitors. However, those tensions do not need to dissolve for the share price to move to the upside. I believe we hit rock bottom near the share price of 26.
MACD crossed while the RSI retested 30. Many possibilities for the week here. May see price move towards 3.40. SPY is also moving up while the VIX is dropping slowly. Perfect short term move for a long swing up.
Just some basic technical analysis with the VIX chart at the top of the screen. As you may see, we are seeing a "double Bottom" which is a very bullish chart pattern. In conjunction with the VIX chart and the slowly decreasing Volume, it may be possible to see a reversal here on the next trading day. When we see more market participants buying then it would be...
The Media is always talking about the federal reserve to create FUD. Nevertheless, it was inevitable for the SPY to fall when it has been extending for so long. We are seeing a correction, and, in my perspective, I am still bullish for the SPY. Some say they see a head and shoulders pattern at the top, or the formation of one. However, the line that I freehandedly...
What I am calling is on Monday the SPY will open up green for a retracement. it may be a green and CCL will have a sharp move upwards. By this time, it is possible to see resistance. The MacD crossed as a sell on the daily and the price target would be 17$
Only technical analysis, The MACD is falling sharply which means there is an absence of buyers. However, I have price projections that will drop to 14.77 and have a sharp rejection. I viewed this on the 4hr chart for more accuracy compared to the day chart. Assuming the mean of the chart within 5 years is around 32.5 or 33 --a guess-- then price will eventually go...
Probabilities for retracement are listed here. Note that the SPY will have a low probability of moving down monday but tuesday we may see a slightly lower movement. Nevertheless, a put at .618 retracement level will deem favorable.
It is shown here that there is a big volume discrepancy that had not been mitigated yet. There is low volume from the range 436-450ish. It is expected that price will continue to fall until 436 and take settle around 433.84 area. At this point, we would like to see the price spring and reject from that area. If the market does break structure, then it is safe to...