TazmanianTrader

TazmanianTrader

So… attaching the bar pattern from Spring 2022, I see the next decline by the middle of next week. I’ll be placing my bets at today’s close if possible . 🫡 Target is $480 by next Friday. Short $508 into next week.

TazmanianTrader Updated 

I've been waiting for a rocket to AMEX:SPY $630 but my monthly tells me that February wants to close red. Here is my daily with a fib that we cant seem to hold above although today we did close above once I have been waiting patiently in this box unlike others, I have constantly reiterated, don't try to be a hero inside of the box. Now that the Box seems to be...

TazmanianTrader Updated 

4H chart showing divergence and may not necessarily be a top but could be pulling back for a test of support. Watch 10DMA for potential support.

TazmanianTrader

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

A break of the current High would invite a straight shot to the 1.61 Golden Pocket Above. Anything Below leaves room for Election Rally Gap Fill. Keep an eye on the fib. Don't try to be a HERO inside of the box. Wedge forming. March may lead to a large decline. Be wary.

TazmanianTrader

Decline Ahead, we have the exact same chart on the monthly. I guess that means we could have just one month at least of red. This is a weekly chart with the same pattern as the monthly on SPX. I will post it shortly. We have a 9 Count Sell Signal with a 13 Count Follow up. The 14th Candle takes a 10% dip. On several occasions in this candle combo. I will attach a...

TazmanianTrader

Refer to a Previous Post. Blow OFF TOP COMING. BUT NOT BEFORE A COUPLE OF SCARES. Short the RIP. BUY THE DIP. Patience. 4-6 weeks of 10% moves back and forth... Accumulate the wins for the Longs... Hold for a year... Short everything Mid 26' if it gets that far MCFLY

TazmanianTrader

Hugging the 50 DMA,Large Range. We are in the Fair Value Gap overnight as a write this. Ironically, I have circled Calls above $209.25 for a Move to the 50D at $213.27 Puts below $205.30 for a retest of Mondays open. 200DMA possible

TazmanianTrader

Thats right folks. Your's truly with another quick thought on where I think we're headed, and FAST!! Assuming we repeat the First Half of 2022, I want to say that the next 10 days will produce a dump and a bounce. Do be careful if you're long this market. All signs point to a flash crash to $493 and then a mean bounce to retest $520. Don't forget, cash is a...

TazmanianTrader Updated 

I've been watching and keeping this quiet for a while now and I am now extremely confident of this trade. NYSE:UNH headed for the dumps as technicals show signs of a 70% decline ahead in the next year. This is a developing trade and I do not have any news to support this drop however, I am certain. The Weekly is currently in a bear flag the same exaact way....

TazmanianTrader Updated 

FVG sits below at $541.61-$536.89 ..... Current 6 count could prove bearish into the 7th count on 10D chart. Very interesting chart showing what would essentially be a Bearish Harami off this Inside Doji. The 10D candle starts tomorrow 7/23 and ends 8/7 so basicaally accumlate as many puts as possible between then and now. If we move above the Open on the Doji at...

TazmanianTrader

Here is the 10D chart on NVDA from an example that lead to an approximate 40% decline. We are currently at the same point on the chart in modern day time. Proceed with Caution. Refer to next post.

TazmanianTrader

We will find out. 10D chart suggests either a huge pop or ... a huge dump to fill that lonesome wick with a full sized body of a red candle. Good Luck my friends

TazmanianTrader

Very simple. 10D candles show practically the same thing. I guessed the run up, now let's get the run down. Pullback neccessaryfor higher prices come late summer before another pullback come mid August. MACD has bearish divergence and also hitting resistance. RSI making lower highs as well.

TazmanianTrader

As I continue to study the market, I can't help but notice so many stocks are in outrageous ATH Levels, in such a way that I can't help but believe the market will undergo a Price Correction that will in fact catch many off guard. Who am I to say though? Just an average man with an average brain. As far as levels, If we cannot hold above May Highs, Price should...

TazmanianTrader

Monthly picking up volume and bearish volume produced no outcome last month. RSI looks good after the bull crossover on the MACD.

TazmanianTrader

Weekly shows we closed above the previous weeks resistance and it seems to be just getting started. Looking for previous highs around mid BER:20S , MACD has momentum and should plateau at the medium, imo of course.

TazmanianTrader Updated 

Tower Top Breakdown in the works. Seems like whatever or whenever it happens, it will be close to next Friday. Remain Bearish unless new highs are established. Seemingly easy Trade here. MACD in same positioning as well as RSI. Seems like WMT doesn't get much volume in general. Not necessarily a bad thing. Options could pay well here.