RHTrading

RHTrading

Coming towards the end of the descending wedge. Looks like a double bottom was formed. Unsure if this pop will hold though or fall back into the pattern. However, I feel that with recent reports of natural gas inventories decreasing with demand increasing and the overall seasonality of natural gas, the projected future price favors the bulls. Also WHATS UP WITH...

RHTrading

The end of the descending Wedge comes at E. We've been in a downward channel for the last several months. This recent leg downward has become a wedge and it's close to touching the bottom of the channel. Measured moves (2) are shown by the blue dotted lines with brief descriptions of why. Target price once the wedge becomes to tight marked. From a risk / reward...

RHTrading

Major support at the level shown on the chart. Slightly complicated to look at but blue lines are expected price path and black arrows are the short term channel that we're in. Red line is major support. Fibonacci coincides with the predicted area of support. Divergences apparent on higher time frames. Blue line is previous breakout level. Resistance becomes...

RHTrading

Fairly textbook descending triangle breakdown. Volume expected to slant down, go flat until breakdown, then increase into another slant down marked by black arrows.First measured move was correct for the breakdown. 2nd measured move marks my ultimate target price and blue arrows show the path I expect price to take.

RHTrading

Cup and Handle measured move. Neckline break. Uptrend Channel. RSI holding strong. Pennant continuation pattern. Target set.

RHTrading

Calling my shots early. The odds this is correct is 1:10 but I see a lot of the early indications that occur during a descending triangle. I think tech is oversold but I see more downside to come. I can easily see it popping next week and then continuing it's descent.

RHTrading

Bring back technical analysis . Too often I've been seeing people just posting a picture of the price action and then an arrow going up or down with the title "Long UVXY" or some garbage like that. Nobody gives two farts about whether or not you entered a position. Show me some fibonacci. Show me some technical divergences. Show me some diamond bottoms. Show me...

RHTrading

Bring back technical analysis . Too often I've been seeing people just posting a picture of the price action and then an arrow going up or down with the title "Long UVXY" or some garbage like that. Nobody gives two farts about whether or not you entered a position. Show me some fibonacci. Show me some technical divergences. Show me some diamond bottoms. Show me...

RHTrading

Bring back technical analysis . Too often I've been seeing people just posting a picture of the price action and then an arrow going up or down with the title "Long UVXY" or some garbage like that. Nobody gives two farts about whether or not you entered a position. Show me some fibonacci. Show me some technical divergences. Show me some diamond bottoms. Show me...

RHTrading

Bring back technical analysis . Too often I've been seeing people just posting a picture of the price action and then an arrow going up or down with the title "Long UVXY" or some garbage like that. Nobody gives two farts about whether or not you entered a position. Show me some fibonacci. Show me some technical divergences. Show me some diamond bottoms. Show me...

RHTrading

Bring back technical analysis . Too often I've been seeing people just posting a picture of the price action and then an arrow going up or down with the title "Long UVXY" or some garbage like that. Nobody gives two farts about whether or not you entered a position. Show me some fibonacci. Show me some technical divergences. Show me some diamond bottoms. Show me...

RHTrading

Bring back technical analysis . Too often I've been seeing people just posting a picture of the price action and then an arrow going up or down with the title "Long UVXY" or some garbage like that. Nobody gives two farts about whether or not you entered a position. Show me some fibonacci. Show me some technical divergences. Show me some diamond bottoms. Show me...

RHTrading

Bring back technical analysis. Too often I've been seeing people just posting a picture of the price action and then an arrow going up or down with the title "Long UVXY" or some garbage like that. Nobody gives two farts about whether or not you entered a position. Show me some fibonacci. Show me some technical divergences. Show me some diamond bottoms. Show me...

RHTrading Updated 

We can see 3 different patterns occur in 3 different instances on the 2hr chart for $GDX. The completion of all 3 seems to mark the beginning of a reversal of some undetermined direction. As far as the breakout direction is concerned, Symmetrical Triangles tend to break out in the direction that they began the pattern with. Instead of viewing the chart as bearish...

RHTrading

UGAZ has been falling for 6 days in a row now. 8 of the last 10 days. Currently in extreme oversold condition dropping 30% in 2 weeks. Approaching last years lows. Bullish Stochastic divergence. I expect a short term pop to mark the 8th leg of the descending wedge's 9 wave pattern. Conclusion: Short term: Bullish Medium term: Neutral Long term Bullish Video...

RHTrading

SOXL is overbought on all time frames. Bearish Case: Coming to the end of the Long term, Medium term, and Short term elliot waves that I've drawn. (We may see a 9 wave on the short term instead of the traditional 5 waves). At 227.6% Fib Resistance level. Created a new unsustainable uptrend recently. RSI divergence Touching the top of new uptrend channel. RSI has...

RHTrading

$XBI has fallen twice now due to a ascending wedge. I believe we have reached the peak of the 3rd. There is strong resistance which the price was rejected off of. There is a significant divergence on the 4 hr chart marked by the purple line. There has been an increased number of divergences on lower timeframes as we reach the end of this suggested pattern. The...