TazmanianTrader

TazmanianTrader

I posted two charts for reference to the current situation. With a historic rally right into resistance and a fractal analog that matches, I have no choice but to remain bearish. These are my studies. Sometimes Impatience leads to things like Impulsive Entries and Exits, Revenge Trading, and at times, even Blown Accounts. Times like those should be followed by a...

TazmanianTrader

Triple bearish divergence is evident on Volume, RSI, and Momentum. The 9-count sell signal on the daily chart further supports the likelihood of a sell-off at this point. If the price falls below $425, a swift decline to $418 is anticipated, where the true test of the Fair Value Gap (FVG) below will occur. The Fair Value Gap open is at $392.45. Stop would be above...

TazmanianTrader

Hey everybody, I hope that rally didn't kick your arses the way it did mine. You know, it's like I'm allergic to taking upside atm due to how bearish the MACRO is. Of course, with time, I'm going to assume I get most of my downside Price Targets in the next several years. If you refer to the previous 23% Run to the 200DMA from the 50day in 2023 , ...

TazmanianTrader

Alrighty. My forecast is as follows. I made a video explaining just a quick thought and here's the video in a written version for the most part. Basically, I'm a pattern chart trader and I spend the majority of my days looking for specific candlestick patterns that match candle for candle. I cannot find anything remotely close to today's Price Action besides...

01:18

TazmanianTrader Updated 

Beep Beep. Hope everyone is taking care of their trading accounts during this volatile phase in the markets. I noticed an identical setup on the weekly from back in August 24' and I'm looking to take advantage. We have a trend reversal on the Tom Demark sequential that helps identify trend exhaustion through a 9 Count. Currently on a 2 Count, we're testing the gap...

05:01

TazmanianTrader

Do be warned. Very important post here. I put my heart and soul into this. I made a video earlier and then it got deleted by accident, so I made a less happy one right after. I've got news for all the bulls and investors out there that feel they will be able to continue buying every single dip out there. Get ready for the dip that keeps dipping. Big names already...

TazmanianTrader

Regional Banks seem to be heading on a slippery path identical to the most previous crash pattern back when they needed all the loan Bailouts. Now that all the loans have stopped, I'm sure some banks may be heading towards loan restructuring perhaps, maybe defaults, I'm not sure honestly. I just know that the chart never lies and I've been watching and waiting for...

TazmanianTrader

Identical Setup to 23' Regional Bank Crash. As always, not sure what the trigger will be, but I will do my best to keep everyone updated as usual. Target of $58 from $60s reached. I'll be expecting a bit more come June. Watch for the sideways movement and rally until then.

TazmanianTrader

Not sure if I'm doing this correctly but please do chime in and help out if you can. What this is, is an addition to my previous post about BABA coming back down to EARTH. I'm just adding another chart to reinforce the idea.

TazmanianTrader

I would honestly be surprised if it doesnt gap down this Monday before the open. The weekly imo, looks like a mess atm and could gap into $120s easy. If it doesn't, I would expect some consolidation for a fall into the First week of April. We're right at the golden pocket retrace at the .618, very common retracement level, if we look at Fibs with a bearish...

TazmanianTrader Updated 

Wowzers... I'm not sure what to say but ... good money is going to be made here for sure... would love to see this play out to the Tee... Take care yall ... DAILY BAR PATTERN from the Box of June 24' - Aug 24' .... I must say... let's make it happen..

TazmanianTrader Updated 

AMEX:SPY shows 10D trend very clear. It is my hidden gem. We, by my charting, Should pullback until 3/18 ... not sure how far but I have plenty of targets on the way down to my ultimate target at 5200... I think we could flush to $560.. Good Luck yall. Gems I tell ya... sorry I'm so bad at explaining things..

TazmanianTrader Updated 

Holy crap.... I just came across an old chart and literally in the nick of timeI tell you. All I'm going to say is... I'm a pattern chart trader and this is the COVID bar pattern attached to our daily from like a year ago almost and I loaded up an old layout to do work and boom... here we are... Good LUCK ... Not sure what the trigger will be but we are here.

TazmanianTrader Updated 

What I see here is a double top on the weekly just like 2022. I can see our last 9 count in 2022 produced a 30% rally to the top. After the rally several months of sideways movement until we break trend. If we are Indeed Repeating the 2022 TOP. Then we have a harsh year ahead of us. As I said in previous posts, we should close February at the low of January. I...

TazmanianTrader Updated 

$576 Gap fill on the way? Time will tell that's for sure. My expecation is that we sell into the beginning of March Covid style in a way. $576 seems good for right now. Will update as we go.

TazmanianTrader Updated 

Well... I've done my absolute best to figure this out... I have my bearish outlook, although I will post another to add to this, as the bar pattern can extend much lower. Bounce regardless, after 3/14, says most of the charts I have.

TazmanianTrader

Is this happening? I'm going to have to bet my money on yes. I have been doing this for a long time. Pattern Chart Trading . This has a high probability of happening imo. Is it absolute? Of course not. Is it better to be prepared? Absolutely. Now for the technicals of it.. I'm trying to do better with this... If we take a bearish perspective on the fib from...

TazmanianTrader

Well... seeing is we hit my target, I thought I might bless the Bulls with a little bit of Eye Candy.... This is what you want... The Fib breakdown of the Golden Pocket above at the 1.61... we hit the retracement... and now back to the .78 We hold here and it can get bullish quick. Bearish Path in Next post... otherwise we make a lower high and fall to...