JBNYCTRADE

JBNYCTRADE

After this month's acceleration in Crude Oil (WTI) prices, the commodity looks poised for reversal after having experienced a considerable run-up out of a wedge pattern, commonly associated with a broad formation, given its uncertainty. The spike in price led to the formation of an Irregular Top which by its very nature implies a bearish move to follow. Given the...

JBNYCTRADE

Not for nothing, but I've been seeing a bunch of trend analysis throughout youtube and trading view, and nobody is mentioning the obvious H&S Pattern. I've been trading the chart since last month, based on May - Jun 2023 Support + Resistance levels. But the daily pattern is a blatant H&S (just saying) AMEX:UCO AMEX:SCO

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Confirmed Cup & Handle pattern on Nasdqaq (QQQ). The handle is gaining momentum and validating the upward trajectory. It's fascinating to note the alignment between news (fundamentals) and the established pattern (technicals). Or is it merely a perceived correlation?

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No predefined Pattern per se, but price action is looking Bullish. Entered a position at $147.59 looking to add on the way up to $166.57 at which point I will apply a Stop Loss and increase incrementally depending on the overall price action.

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Took profit on recent run up to the mid $3's (BOIL) Hedged with a long term position to the downside (KOLD) and back in for another move to the upside (BOIL) #Winter

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Irregular Rounding Top (just for fun) exit strategy at $1,886.00

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Took a short position on NYSE:PRG at 30.52 based on technicals and historical price data. Price targets are 28 and 26 depending on "prog"ress

JBNYCTRADE

Closing out NYSE:WFC short position from 41.33 and looking to go long from 39 range

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If we can get past the 2050 price level, we may be able to test 2080, however, given the bullish trading environment, the price is looking like it is more likely to retest 1980/1960 in the near term. COMEX:GC1!

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Closed out a short position after today's drop in Nasdaq and then went long on the reversal/bounce off the low $182's. Looking to see to what extent the Head & Shoulders pattern plays out beyond $186. If we stay above the 200 MA, $190 would be the first profit target, with a possible short to retest $186.00. NASDAQ:JBHT

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Paying attention to the handle, to see if we retest or remain bullish. Currently holding SCO NYMEX:CL1!

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If past technical's are any indication of future events, I may get an opportunity to exit all positions during September and January...

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Check out the 5 Minute Chart for a more detailed view. But the Handle on the Monthly chart is looking extremely bullish overall which make this a good area to load up and scalp a profit on the anticipated breakout to the upside of the Handle. Question is will the ceiling become the floor or will it rally and then retrace the breakout level...?

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COINBASE:ALGOUSD

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Gold looks to be making a strong move. XAU/USD

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Tilted body looks to be indicating a move further to the downside. We are going to possibly see a retracement back down to the $66 / $64 area. NYSE:C