TheHappyCrab

TheHappyCrab

Got into but didn't quite fill a bull gap on the hourly today. Lots of confluence on this one. Notes on chart. I think an excellent reversal opportunity here.

TheHappyCrab

Possible reversal based on long term support. Several sell rejections from this area.

TheHappyCrab

Watching for a reversal in this area

TheHappyCrab

Would like a pull to the 120.70ish area. Expectations by early May prior to sell May and go away.

TheHappyCrab

Entry? S/L? LOL Load the boat!

TheHappyCrab

2 days of putting on the brakes. (Long wicks) Held the 20sma. Defended that low with some pizzazz. Note RSI differences. Draw your own conclusions.

TheHappyCrab

Latest thoughts on ES/SPX after further review of larger timeframe data and break of long term resistance line. Bulls rang that 3700 bell right at the cash close on 12/04. Pullback from there should be a small corrective ABC wave to retest consolidation somewhere in the 3677.75 – 3664.25 range (0.382 – 0.5 fib retracement) and then keep calm and carry on. Notes...

TheHappyCrab

COVID Part Deux season is upon us. People still want to travel. Will airlines and cruises come back in to favor this time or will they still face headwinds through this season until next summer? TSA data suggests some decent increase in traffic, but still a bit meh. Completely expected. Seems difficult to really know sentiment in the short term as some...

TheHappyCrab

Want a way to play BTC with common shares? GBTC is your answer. ***Note – the price does not exactly match the BTC/USD price, but relative performance lines right up. If my EW count is correct, this is how I see this playing out. In my opinion, BTC will continue to move fast so this will be difficult to play unless you scale in. I see GBTC retracing in an ABC...

TheHappyCrab

*** Long but not quite yet. Read the notes below. Watch this one very closely over the next few days. COVID Play - This company produces PPE supplies. COVID numbers should be climbing, regardless of vaccine progress, there will be demand for PPE. Almost ready for a long. If this count is right then short term it has one more visit of the 9.06 - 10.54 area. If my...

TheHappyCrab

Given the crypto pullback and several other market indications I believe we may see one more push higher in equities and then a sizeable correction. We may or may not get up to that long term resistence line before the decline begins. In my opinion I believe we will see a pull back to at least the .05 - .618 fib. Beyond that? Overall liquidity suggests no crash...

TheHappyCrab

1hr view with specific trade plan idea. A measured move has this reverting to 17.44 Previously accepted range was 18.00 – 21.50 Fib ext has this a minimum of 14.01 with high expectation of at least 15.87 Volume Profile theory shows this rejecting from VAL and reverting to other side of Value Area at 18.98 Previous trading range VPOC was 19.46 L Entry now or...

TheHappyCrab

Love this series. I could go for 2 more how about you? Changed my mind. 2 more views. Here’s the 4hr

TheHappyCrab

Daily view Notes on chart

TheHappyCrab

Weekly view Notes on chart

TheHappyCrab

Besides being my all-time favorite movie Here’s my stock pick of the month and swing trade idea. This will be a multi-part chart looking at monthly, weekly, and daily. Monthly Analysis: Note the price action after the last two steep sell-offs Note the variance from the 200ema RSI bullish divergence Price rejection levels from $7 area in the last 10 years Price...

TheHappyCrab

Continuation of swing idea: Once this clears the 5.25 resistance I expect a minimum price target of 7.60 but 8.62 would be the 1.618 fib extension from the cup low. These targets line up with previous accepted trading range from 11/2014-07/2015 Gaps to fill above at 6.92 and longer term 11.95

TheHappyCrab

Long, but not until Early Jan 2021 - Read Notes Swing Trade Idea I-H/S Expected Cup and Handle. Finishing Cup now on wave (3). --- Expected rejection from 4.81 to begin formation of handle. (Could short for wave 4 if you wish) Anticipated L entry early Jan 2021 Only then, look at a long from 4.10 - 3.82 which should be the beginning of wave (5). 5.10 - R/R =...